Savings interest rates: the best and the worst on the high street

Since march 2009, the interest rates are extremely low at 5%, On top of that inflation is above the governement’s target of 2%.

People have to “ eat into their capital a bit” explains Charlie Bean, the bank of England’s deputy governor. Andrew Hagger, who works for product comparison website moneynet, sais that the biggest problem is that people don’t check how much interest they earn. Therefore, Hagger gives a few alternatives for the worst saving accounts, such as a change to another bank or get another account at the same bank. the guardian

Anthony Pieters