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Article: SAVE OUR SAVINGS.
- Article from:
- Daily Mail (London)
- Article date:
- December 10, 2008
CopyrightCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: TONY HAZELL
MONEY MAIL today launches a campaign to save our savings.
After three interest cuts, almost 200 savings accounts now pay 1 pc interest or less before tax, according to analyst Defaqto.
Savers are vital to the economy. They have lodged almost [pounds sterling]1 trillion with banks and building societies. This is money lent to homebuyers and businesses yet savers are treated with contempt by politicians and banks.
Some accounts from top names now pay just a few pounds interest each year on a lifetime's savings. Among the worst, paying 0.1 pc or less on [pounds sterling]5,000 of savings on at least one of their ...