Savings passbooks popular as Britain turns to cash amid cost of living crisis
TheGuardian
JANUARY 27, 2024
While some banks and building societies scrap system, others report increase in usage by customers While some banks are scrapping passbook savings accounts amid suggestions they are past their sell-by date, other providers have reported an increase in their usage as people turn to cash to help them manage the cost of living. Newcastle building society said that in 2023 it issued about three times as many passbooks as it did in 2021, and that it is getting new customers on the back of decisions b
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