Property News · October 17, 2016

Savers suffer as banks withdraw more than 100 savings accounts


The number of available products is at its lowest level since 2007, following the Bank of England’s August base rate cutMore than 100 savings accounts have been withdrawn from the market since the Bank of England cut interest rates in August, and the choice available to savers has hit a new low, figures show.Banks and building societies have responded to the fall in interest rates by pulling accounts rather than reducing rates, financial information provider Moneyfacts said. Continue reading…

Source : theguardian.com
Read more…Savers suffer as banks withdraw more than 100 savings accounts

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