lowbase

For a year now, the Bank Of England Base Rate has been held at 0.5 per cent, decimating the savings interest of frugal Brits. But don’t despair, we can show you the deals that will start to rebuild your nest egg, so you are not left in limbo.

The Monetary Policy Committee has kept rates on hold since March last year – giving banks and building societies the best excuse yet to keep savings rates low.

With inflation rising to 2.9 per cent in December, anyone earning less than this on their savings after tax will actually now be losing money in real terms. But it doesn’t have to be that way if you make some effort to shop around for a …

Read the original article at Totallymoney

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks

Most Commented Posts

More similar stories:

  1. Consumer protection bill approved
  2. House panel approves consumer protection agency
  3. A look at the Consumer Financial Protection Agency
  4. Shares gain after interest rate held
  5. Consumer Financial Protection Agency: an overview
  6. Savings rates cut heavily last month reports Moneyfacts
  7. Bank of England holds base rate, ups cash injection
  8. Millions of Britons losing money on savings
  9. Stocks end mixed as savings rate jumps
  10. Wealth workout: Ipswich scores with savings rate of 5.1 per cent

  • FSA to introduce tougher stress tests for banks
  • Best online deals for Mothering Sunday
  • Nasdaq 10 years on: how the tech sector went from boom to bust
  • Nasdaq 10 years on: ‘Windows 7 is Microsoft’s last hurrah. I am selling the stock after that’
  • Oregon economic index improves for third month
  • Fed gains strength amid banking overhaul talks

Leave a Reply