March 4, 2014 | Prepaid365

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4 March 2014

Saving Rates Drop by 50% Across Five Years

Saving rates for consumers have fallen by a whopping 50% since the Bank of England slashed interest rates to 0.5% in 2009. A lack of competition and the introduction of the Funding for Lending scheme have also had an impact, resulting in the levels of interest received dropping dramatically. For instance, a saver can now […]

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