ABSTRACT
It is not usually possible to say a great deal about the interest rates and other charges of commercial banks because of a lack of really precise information about them. The Scottish banks, however, have for long been accustomed to agree on a common schedule of interest rates and of commission and charges, to apply in their Scottish business, and this is published. This gives us some definite facts about the structure of Scottish banks’ interest rates and their movement over time, although it would be untrue to suggest that the published information tells us everything that we would like to know about their practices in these matters. For the most part, here, we shall concentrate on interest rates, though in a final section the most important of the other charges—that on current accounts—will be examined.
