The following advertisement is taken from meridianbank.co.uk, the website of Meridian Bank plc, as part of a rebranding campaign launched in 2024.
1 hidden fees / savings rate / financial product: hidden fees are charges not prominently disclosed at the point of sale; a savings rate is the annual interest paid on deposited funds; a financial product is any service or instrument offered by a bank, such as a loan, mortgage, or savings account.
2 small print: terms and conditions written in reduced font size, often containing important limitations or exclusions to the headline terms of an offer.
3 fossil fuel extraction / lending portfolio: the process of removing oil, gas, or coal from the ground for commercial use; a lending portfolio is the total collection of loans held by a bank.
4 net zero: a state in which the greenhouse gases emitted by an organisation are balanced by an equivalent amount removed from the atmosphere.
5 performance bonuses / FSCS / community lending: financial payments to staff linked to sales targets; FSCS (Financial Services Compensation Scheme) protects customer deposits if a bank fails; community lending refers to loans directed to local businesses and social organisations in under-resourced areas.
How and to what effect does the advertisement use language to reconstruct the identity of a bank, and how does it position honesty itself as a persuasive strategy?