Bank accounts good for ex-prisoners

A group of prisoners who opened accounts with the bank were monitored and it was found that re-offending rates among the individuals who had the savings products in place were lower were below the national average.

Bank accounts are an important element in enabling ex-prisoners to become valuable members of society and other banks should consider following the pioneering work carried out by the Co-operative.

In recent days a financial services provider said that in the run up to Christmas the majority of adults in the UK will spend a large amount of money preparing for their festive celebrations.