Property News · March 5, 2016

What’s best for savers who’ve lost £160bn of interest in seven years?


On this day in 2009 the Bank of England cut interest rates to 0.5%. We compare Guardian Money’s best-buy tables then with what’s on offer now – and look at where you should move your cashNot many experts thought that the “emergency” base rate cut to 0.5% on March 5, 2009 would last for long. But seven years later savers have lost around £160bn in interest, while the prospect of rate rises are slipping further into the distance.In the immediate aftermath of the cut to 0.5%, rates for savers remained relatively high. Continue reading…

Source : theguardian.com
Read more…What’s best for savers who’ve lost £160bn of interest in seven years?

You may also like...