{"id":6934,"date":"2016-03-05T14:00:58","date_gmt":"2016-03-05T07:00:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-best-for-savers-whove-lost-160bn-of-interest-in-seven-years\/"},"modified":"2016-03-05T14:18:08","modified_gmt":"2016-03-05T07:18:08","slug":"whats-best-for-savers-whove-lost-160bn-of-interest-in-seven-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-best-for-savers-whove-lost-160bn-of-interest-in-seven-years\/","title":{"rendered":"What\u2019s best for savers who\u2019ve lost \u00a3160bn of interest in seven years?"},"content":{"rendered":"


\nOn this day in 2009 the Bank of England cut interest rates to 0.5%. We compare Guardian Money\u2019s best-buy tables then with what\u2019s on offer now \u2013 and look at where you should move your cashNot many experts thought that the \u201cemergency\u201d base rate cut to 0.5% on March 5, 2009 would last for long. But seven years later savers have lost around \u00a3160bn 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…
\n
\nSource : theguardian.com
\nRead more…What\u2019s best for savers who\u2019ve lost \u00a3160bn of interest in seven years?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On this day in 2009 the Bank of England cut interest rates to 0.5%. We...<\/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-6934","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\/p75ss1-1NQ","jetpack-related-posts":[{"id":114850,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-interest-rate-cut-mean-for-mortgages-and-savers\/","url_meta":{"origin":6934,"position":0},"title":"What does interest rate cut mean for mortgages and savers?","date":"March 11, 2020","format":false,"excerpt":"\r There will be gain for some consumers but pain for others after the Bank of England\u2019s decisionThe emergency 0.5% rate cut by the Bank of England in the midst of the coronavirus outbreak will mean monthly savings for householders with tracker mortgages but more pain for savers as interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-interest-rate-rise-what-it-means-for-borrowers-and-savers\/","url_meta":{"origin":6934,"position":1},"title":"Bank of England interest rate rise \u2013 what it means for borrowers and savers","date":"December 15, 2022","format":false,"excerpt":"\r Rate rise to 3.5% affects everything from mortgages to credit cards, loans and savings. Here is all you need to knowAnalysis: UK borrowers face a serious reality checkNews story: interest rates rise to 3.5%The Bank of England has once again raised interest rates \u2013 this time by 0.5 percentage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rates-continue-to-fall\/","url_meta":{"origin":6934,"position":2},"title":"Mortgage rates continue to fall","date":"March 6, 2016","format":false,"excerpt":"\r Borrowers still benefit from Bank of England cutting base rate to 0.5%Seven years of record low interest rates may have hammered savers, but borrowers are continuing to benefit.Yesterday marked the seventh anniversary of the Bank of England slashing interest rates to their current 0.5% historic low. And while the\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":6934,"position":3},"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":[]},{"id":22777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-what-now-for-savers-and-borrowers\/","url_meta":{"origin":6934,"position":4},"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? 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A new investment promises 8% returns \u2013 from recycled cooking oilNext Thursday the Bank of England is widely expected to make its first rate cut since March 2009, taking the base rate from 0.5% to just 0.25%, while\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\/6934"}],"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=6934"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/6934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=6934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=6934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=6934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}