Savings: Funding for Lending Scheme claims another victim

Funding for Lending Scheme claims another victimBeleaguered savers received another blow yesterday as the innovative savings provider, Governor Money, stopped accepting new deposits, blaming a “disastrous” fall in interest rates on the best buy savings accounts as a result of the government’s Funding for Lending Scheme. Launched in April 2011, Governor Money is owned by Family Investments. Their ‘one stop shop’ approach was innovative, giving savers access to a range of banks and building society products, including Cash ISAs, through one account. ...