I suppose I am lucky to actually have some small savings, which are in an HSBC so called "premium saver" account. It pays 0.1% interest, I could get about 2% by leaving money in for a set term. If however I needed to withdraw my money early I would have to pay the pay the interest that I would have received for the full term. Yes that's right not just lose the interest but pay the bank a penalty. It is no wonder banks are making profits.
Meanwhile here in Australia the bank rate is slowly coming down, it is now 4.25% but the banks are increasing mortgage repayments, their excuse is "the cost of borrowing is high" well how come they are paying me almost nothing?