Savers have been consistently socking money away for the future in greater numbers, it was recently revealed, yet banks are doing little to help them.
Unless you’re a glutton for punishment, you’re most likely tired of having to play games with your savings accounts when the bonus interest rate falls off.
Rising inflation and Chancellor George Osborne’s latest Budget have coincided to make things just that much harder for savers trying to put money aside.
Banks in the UK have begun to raise the rates of return on many of their savings accounts in an attempt to placate savers tired of trying to find good deals.
Well it finally happened – the EU is taking steps to strip away massive bonuses awarded to bankers, and the UK’s High Street lenders are up in arms in fear.
The Bank of England has gotten a reputation for throwing savers to the wolves, and now I’m afraid I have to break the bad news: things could get even worse.
When it rains, it pours: as the current Bank of England director claims the Government is causing the country’s financial problems, a new deputy is named.
Things just keep getting worse and worse for Barclays, as the beleaguered banking institution announced it would be sacking 3,700 employees sometime soon.
This week, Royal Bank of Scotland was slapped with a massive £390 million fine for the role the bank played in the Libor price-fixing scandal that broke in 2012.
While the Funding for Lending scheme has wreaked havoc on the interest rates offered to savers, National Savings & Investments has said it will boost its ISAs.