Property News · January 11, 2016

Savings rates hit 'record low'


Interest rates, as measured by the average easy-access cash Isa rate, are just slightly above 1%, says MoneyfactsSavings rates have hit a record low, according to data published on Monday, just as thousands of people are expected to start looking for a new home for their nest-egg cash when the first pensioner bonds mature on Friday. The National Savings & Investments pensioner bonds, known officially as 65+ guaranteed growth bonds, went on sale in January 2015 and were a huge success, with 470,000 people signing up for the one-year version of the account paying 2.8% interest. Continue reading…

Source : theguardian.com
Read more…Savings rates hit ‘record low’

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