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
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