Most consumers haven't checked interest rate on credit card or bank account

Survey shows terms and conditions not being checked by users

Most consumers have not checked the terms and conditions on their bank account or credit card in the past year, a survey by the Banking and Payments Federation (BPFI) has found. Picture: PA

Most consumers have not checked the terms and conditions on their bank account or credit card in the past year, a survey by the Banking and Payments Federation (BPFI) has found.

The survey, which looked at how actively consumers manage their finances, reveals that more than half of respondents had not checked the interest rate on their credit card account, savings, or deposit account.