Many nest-egg savers squeezed by dropping rates

Savers who are keen to keep their nest eggs safe in cash are paying over the odds for perceived security, according to Ireland's largest financial broker group.

11th May, 2013

Savers who are keen to keep their nest eggs safe in cash are paying over the odds for perceived security, according to Ireland's largest financial broker group.

New research from the Professional Insurance Broker Assocation (Piba) has revealed that consumers rely heavily on savings accounts as part of their overall financial strategy, which means they are getting meagre returns as banks have been cutting the rates they pay.

The survey of brokers found that almost...

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