Nationwide members can now access a monthly prize draw in which "every single" Nationwide member, defined as someone aged 18 or over and with at least one Nationwide financial product, will be automatically entered into the draw every month. In total, there are 8,008 chances to win each month with a maximum of £100,000 being up for grabs.
These rates are fairly typical of what's available across the market at the moment.
This was illustrated today by Moneyfacts who broke down the average no notice savings rate currently available.
According to Moneyfacts, the average rate sits at 0.1613 percent as of today.
This is the lowest it has been since at least January 2016.
However, the issue remains prevalent more than two years on and as such, personal finance experts at money.co.uk urged people to remain on the high alert against criminals.
James Andrews, a senior personal finance editor at money.co.uk, commented on this: "Changes aimed at getting more people their money back are always welcome, but it’s still essential people know how to spot a scam when they see one, and how to protect themselves against it.
“There’s a real danger that announcements about new fraud rules or protections put in place by banks will see people relax and assume they are safe. Sadly, criminals are smart and all too often adapt to new rules and protocols almost as fast as they are unveiled.
“Worse, money transfer scammers use the customer themselves as a way past banking security. If a criminal can convince you to log in legitimately then get you to transfer money to a ‘safe’ account, or even withdraw it as cash, there is no technological solution that can prevent it.
“The good news is that banks are doing more to help, from ‘confirmation of payee’ - which puts extra blockers up against people impersonating others when asking people to transfer money - to warnings flashing up on screen all the way through to training for staff in branches and on the phone to help customers stay safer.
“Criminals often try to apply psychological pressure to get people to push past these barriers - posing as officials and telling customers they have already been scammed, are being targeted or even the subject of a criminal investigation from the police or HMRC.
“To stay safe, it’s essential you put in your own barriers too. If you get a call or message from someone saying they are from your bank or the police, get them to tell you their name, then call back - ideally from a different phone line - using the number you have on your bank statement or from another official, offline source. If it’s real, you will quickly be put through to the right person."
“Do not trust numbers or click on links sent to you as part of the warning - even if they look like they’ve come from your bank - as criminals can fake links, websites and even the number they appear to be calling or texting from."
No comments:
Post a Comment