'I love my bank passbook and won't give it up,' says the freelance TV presenter and former entrepreneur. When customers went into a bank branch to make a transaction, the bank teller would input the latest balance on their account for their records. But new research from Newcastle Building Society suggests the cost-of-living crisis has given passbooks a new lease of life. Virgin Money's passbook account offered zero interest on the lowest cash balances. For Newcastle customer Kim, the amount of interest paid on her passbook account – while important – is not the only key factor.

Source: Daily Mail January 22, 2024 15:08 UTC