RBS (LSE: RBS) and NatWest have announced that they will stop offering teaser rates
for home insurance deals.
As part of this strategy he announced that RBS will no longer offer teaser rates
or 0% balance transfer deals on any of its products.
Whatever proves to be true in the future, the number of savings accounts on the market offering teaser rates
is already falling fast.
ROYAL Bank of Scotland are to ban teaser rates
and sweeteners in a bid to get back to basics with simpler products.
We understand that customers are wary of teaser rates
and conditional benefits and as such Noor has packaged the offer comprehensively for a wide variety of customers.
This was the lure that banks were using to attract potential home loan takers - teaser rates
In February, 2009, SBI had kicked off the teaser rates
scheme, with a fixed rate of eight per cent for the first year.
With low fees, no teaser rates
and no hassles, it's time to say goodbye to your big banker and hello to Utah First.
There was no public notice announcing that hey, we're going after Black folks, but lenders targeted people of color with teaser rates
on mortgages, and, well, the rest is history now.
And we all saw the advertisement for loans with low teaser rates
and nothing down.
A history of on-time mortgage payments before the borrower's teaser rates
expired and loans reset;
A rate cut will not make most exploding adjustable rate mortgages affordable, because those loans are set to rise to market-based interest rates from very low teaser rates