July 29th, 2010 
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Metro Bank arrives on British high street
Good News for Britain.The first high street bank “Metro Bank” is opened at Holborn in London today. 10 more stores in next two years and 200 more within ten years are in queue to be opened by the bank.
“I have opened 500 similar locations in America. Britons are dying for revolution in the banking business, focused on service, and we are here to provide it “said Vernon Hill, bank’s founders.
Metro Bank’s overdraft rate will be a standard 15%, personal loans will be charged at 10%, while annual interest paid on instant access savings will be just 0.5%.
Chairman Anthony Thomson said, the bank understands that customers simply want a better experience from them and the kind they typically get from a great retailer. And the bank also intend to give them in return.
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