And the manager's credit rate remains in the balance.

Those who want to earn 6.3% on their savings need to opt for its 'preferred in credit rate'.

This reduced the spread of the primary credit rate over the fed funds rate from 100 basis points to 50 basis points.

And let's face it, overdraft rates are more important to most people with a current account than credit rates.

The report says banks make almost twice as much from paying poor in credit rates to customers than they make in levying charges.