{"id":20600,"date":"2016-07-23T13:00:32","date_gmt":"2016-07-23T06:00:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bank-accounts-paying-savers-a-pittance\/"},"modified":"2016-07-23T13:12:27","modified_gmt":"2016-07-23T06:12:27","slug":"the-bank-accounts-paying-savers-a-pittance","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bank-accounts-paying-savers-a-pittance\/","title":{"rendered":"The bank accounts paying savers a pittance"},"content":{"rendered":"


\nThe interest offered by some banks and building societies has hit 0%, so who are the worst culprits and where\u2019s the best place to park your cash?Britain\u2019s chief financial watchdog this week named and shamed the banks paying their savers a pittance. In some cases customers are being paid 0% interest.The institutions include big names such as HSBC, First Direct and the Post Office, all of which have easy access accounts that in some circumstances pay no interest at all. Others, such as Ulster Bank, have accounts which pay as little as 0.01%, which means that if you had \u00a31,000 saved you would receive the princely sum of 10p gross interest after a year. After 26 years you\u2019d have amassed enough to buy a Starbucks grande cappuccino \u2026 assuming it still costs \u00a32.60 in the year 2042. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The bank accounts paying savers a pittance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The interest offered by some banks and building societies has hit 0%, so who are...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-20600","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5mg","jetpack-related-posts":[{"id":30353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-suffer-as-banks-withdraw-more-than-100-savings-accounts\/","url_meta":{"origin":20600,"position":0},"title":"Savers suffer as banks withdraw more than 100 savings accounts","date":"October 17, 2016","format":false,"excerpt":"\r The number of available products is at its lowest level since 2007, following the Bank of England\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-what-now-for-savers-and-borrowers\/","url_meta":{"origin":20600,"position":1},"title":"Interest rate cut: what now for savers and borrowers?","date":"August 13, 2016","format":false,"excerpt":"\r We look at which savings accounts have been hardest hit, who is still offering decent rates, and where to go to get the best mortgage dealHow low can they go? There wasn\u2019t much fat left to trim, but savings rates are now being hacked back even further following the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-to-suffer-as-first-direct-cuts-rates-further-than-bank-of-england\/","url_meta":{"origin":20600,"position":2},"title":"Savers to suffer as First Direct cuts rates further than Bank of England","date":"August 8, 2016","format":false,"excerpt":"\r Other banks expected to cut savings rates as First Direct announces its cash Isa rate will be cut by 0.4 percentage pointsOne of the UK\u2019s most high profile savings providers has announced interest rate cuts in excess of the Bank of England\u2019s recent base rate reduction.At the weekend, First\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsb-and-lloyds-to-slash-interest-rates-on-current-accounts\/","url_meta":{"origin":20600,"position":3},"title":"TSB and Lloyds to slash interest rates on current accounts","date":"October 13, 2016","format":false,"excerpt":"\r More bad news for savers as banks cut returns on highest-paying accounts from January, in move that follows SantanderInterest rates available on current accounts are to plummet, after Lloyds and TSB both announced they would follow Santander in slashing the returns on their highest-paying accounts.A day after Lloyds announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-regulators-could-enforce-minimum-interest-rate-for-savers\/","url_meta":{"origin":20600,"position":4},"title":"UK regulators could enforce minimum interest rate for savers","date":"July 25, 2018","format":false,"excerpt":"\r Billions of pounds in low-interest accounts are a crucial source of profits for banksBanks could be forced to pay savers a minimum interest rate after City regulators found that longstanding customers in instant access accounts are paid derisory rates because of their apathy about switching providers. The Financial Conduct\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-left-in-the-red-after-a-decade-of-low-interest-rates\/","url_meta":{"origin":20600,"position":5},"title":"Savers left in the red after a decade of low interest rates","date":"July 5, 2017","format":false,"excerpt":"\r Savers have felt the pinch when they might have expected to gain \u2013 but borrowing has risen as it has become cheaper It has been a difficult decade for savers. For 10 years they have suffered falling or ultra-low interest rates, leaving them in the red on their deposit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20600"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=20600"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}