What the banks are offering savers

While the decision of the European Bank to push down interest rates has been good news for mortgage holders, it has also been bad news for savers and it potentially means a lower return on their nest eggs.

21st March, 2009

While the decision of the European Bank to push down interest rates has been good news for mortgage holders, it has also been bad news for savers and it potentially means a lower return on their nest eggs.

However, the banking crisis has a silver lining, as many institutions are now keen to boost their cash reserves and are offering interest rates that are considerably higher than would ordinarily be available with the current base...

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