BEWARE! Bankers trying to catch you

A long term friend who is normally very money wise found that his tax free ISA which had started at a touch over 3% had been reduced to under 1% and no one had told him! Now there is a surprise. Your editor had mentioned the possibility almost casually but old Jack was into his bank within an hour and got the matter reorganised to 2.5%, had he gone to a bank with the name of a Spanish town he could have got 2.75% but he likes to keep his affairs simple so he stayed with a bank that sounds a bit Welsh.