UK savers urged to switch after brutal cuts to interest rates

  • 📰 The Guardian
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Some accounts are now paying as little as 0.01% but there are still some reasonable deals to found

Savings rates are being slashed, with some high street accounts now paying as little as 0.01% interest. But experts said consumers “do not have to take this lying down,” and urged them to switch to one of the accounts still offering a semi-decent rate.

 

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People often don't realise that their local credit union may pay a dividend which is very attractive. We paid 0.70% last year and our AGM in May will hopefully approve another dividend at very attractive levels for this year. Savings are fully protected by the FSCS

Please don't invest in the Guardian you will loose every penny and more

I only get 0.1 percent on my savings. My savings are currently 153 quid. Last year I earned 1 pence in interest. The statement they sent me must have cost a quid. Do the math!

Funny how credit card rates haven't come down though...

Oh no. I must change so I don't lose out on £0.68

U are lightyears behind the times. Bank accounts are for paying bills.

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