{"id":31462,"date":"2016-10-24T22:35:54","date_gmt":"2016-10-24T15:35:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-hit-yet-again-as-even-five-year-fixes-fail-to-pass-muster\/"},"modified":"2016-10-24T22:41:19","modified_gmt":"2016-10-24T15:41:19","slug":"savers-hit-yet-again-as-even-five-year-fixes-fail-to-pass-muster","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-hit-yet-again-as-even-five-year-fixes-fail-to-pass-muster\/","title":{"rendered":"Savers hit yet again as even five-year fixes fail to pass muster"},"content":{"rendered":"


\nPeople prepared to lock their money away were previously rewarded with rates of almost 5%, but today\u2019s best-buy is less than half of thatSavers with maturing five-year accounts are in for a nasty shock, as rates have plummeted even for those willing to lock away their money for longer periods, figures show.Financial firm Moneyfacts said the average rate available on a five-year fixed-rate bond had fallen to just 1.65%, down from 2.65% a year ago and less than half of the 4.04% being paid in October 2011 when such savers would\u2019ve opened their now-maturing accounts. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Savers hit yet again as even five-year fixes fail to pass muster<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

People prepared to lock their money away were previously rewarded with rates of almost 5%,...<\/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-31462","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\/p75ss1-8bs","jetpack-related-posts":[{"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":31462,"position":0},"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":22777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-what-now-for-savers-and-borrowers\/","url_meta":{"origin":31462,"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":9372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nsi-cuts-interest-rates-for-millions-of-savers\/","url_meta":{"origin":31462,"position":2},"title":"NS&I cuts interest rates for millions of savers","date":"March 29, 2016","format":false,"excerpt":"\r Investment, direct Isa, direct saver and income bond accounts will all be affected by National Savings & Investments\u2019 decision to reduce rates Millions of savers were dealt a blow after National Savings & Investments cut the interest rates on many of its accounts. NS&I has also slashed the number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-suffer-as-banks-withdraw-more-than-100-savings-accounts\/","url_meta":{"origin":31462,"position":3},"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":94687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-regulators-could-enforce-minimum-interest-rate-for-savers\/","url_meta":{"origin":31462,"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":31462,"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\/31462"}],"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=31462"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/31462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=31462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=31462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=31462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}