Savers pay the price as financial institutions profit

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We keep hearing of bank directors getting millions of pounds in bonuses and today I read that Leeds Building Society has had a profit of £26.4m for the last six months (up by 49 per cent).

I have just received my year’s interest from the Post Office of £15, only 0.25 per cent.

Why are savers getting almost nil for their thousands, when companies like banks are getting record profits? Three years ago I got £240 interest, so savers are being used as mugs accepting this. I am going to withdraw mine and buy premium bonds. For every thousand there is a one in 26 chance of winning. I already have some and my winnings are over three per cent a year.

A Hague, Bellbrooke Grove, Leeds

St George's Crypt, Leeds

YEP Letters: July 20