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Dormant Bank and Building Society Accounts Bill [HL]

There is another issue here—the rate of interest. The Committee will be aware that banks and building societies keep changing the style of their accounts. I have not heard of a brass account—they usually talk about gold, silver and platinum and so on—but if you do not watch it they say, ““This issue is now closed and has a reduced rate because we have now got the double gold account””. If people ultimately turned up to claim their money, the dormancy position would perhaps be a code of conduct or a banking code issue.