Property News · April 1, 2017

Isa rates halved since Brexit vote and eroded further by inflation


Cash savers’ money is declining in real terms as interest rates and inflation head in opposite directions, say expertsTypical cash Isa rates have halved since June’s Brexit vote, it emerged this week. The average cash Isa rate stood at 0.87% at the end of May 2016, but is now 0.43%, says investment firm Hargreaves Lansdown, quoting Bank of England data.By comparison, CPI inflation has risen from 0.3% last May to 2.3% in February, and is expected to rise further this year. Continue reading…

Source : theguardian.com
Read more…Isa rates halved since Brexit vote and eroded further by inflation

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