Monday 29 May 2017

Charlie Weston: Grab a good savings rate while you can get one

Charlie Weston

Charlie Weston

THE smart money is on a major scaling back on the interest rates being paid on deposits in the coming months.

A deposit-rates war has been raging for two years now as banks and building societies desperately scramble to get funds into their depleted vaults.

So high have these rates been that deposit takers have been complaining that they are uneconomic and unsustainable, with an industry-wide adjustment urgently needed.

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