February 24, 2009
Saving at fixed rate
Story link: Saving at fixed rate
A large amount of places offering saving deals over the last few weeks have had a good deals to offer consumers, mainly due to the fact that the Bank of England slashed the based rate meaning banks could pass on their savings.
It is definitely worth shopping around for the deals on comparison sites and the [...]
Savers make no return
Story link: Savers make no return
With inflation at its current level and with interest rates so low, there is virtually no chance that the majority of savers will even make a return on their capital that is being stored in savings accounts.
Inflation has dropped recently, but that does not have a drastic affect for savers, due to the interest rates [...]
Savers fall in January
Story link: Savers fall in January
Savings are falling at a rapid and large rate, mainly due to the fact that the interest credited to a savings account, even for a large balance, is not paticulary worth mentioning.
Interest rates are so low now that savers find interest almost completely unbeneficial to their financials. Looking for alternative options to store cash is [...]