The difference between banks drop interest rates and real interest rates are often high. Now put FSA foot down – and forcing banks to show the average interest rate to customers.
“Banks have long presented misleading price lists for its mortgage customers. Now requires FSA that they must report an average of the rates that customers actually pay. “
writes FSA, FI, which now requires that banks are becoming more open about how great the interest rebate as mortgages are getting.
From 1 March next year wants FI to banks presents the effective average interest rate on their websites.
“Can not resist”
But in September walked Skandiabanken the lead and began to recognize the real mortgage rates.
– Ultimately the big banks never resist the need for more transparency, said the bank manager Oyvind Thomassen to the Swedish newspaper Svenska Dagbladet then.
At present, the maximum discount at Skandiabanken 0.65 percentage points. It provides the lowest level of the variable interest rate of 1.76 percent. Average discount in August was 0.47 percentage points.
Banks awaiting FI
A round neckline that Aftonbladet has made among banks showed that most claim to be in favor of increased openness. Many, however, wanted to wait for directives from the FI before they begin to report actual rates.
Such is thus now and again. Before requirements is realized, however, the proposal out for consultation.
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