Financial Services (105)
From Facebook like to interest rate hike
Fidor Bank from Munich promises their customers they will increase their interest rate depending on the amount of likes they get on their Facebook page. The rate will go up by 0.1% for every thousand fans, though the maximum increase is set at 1.5 per cent in 2012.
Why it matters
The bank is seeking to gain attention, especially from potential new customers via social networks. But apart from this, is this a good way of getting a real return on investment for both customers and the bank?
For one month you can take an old bra to Intimissimi in exchange for a three Euro discount on any new bra. The second-hand bras will be recycled to make the shop’s insulation and sound absorbent panels.
O2 together with NatWest are launching a chip and pin card for children as young as 13. While the Load and Go card will not allow any overdrafts, it allows children to shop online at outlets that take Visa and withdraw cash from ATMs. Parents can then receive transaction details.