Why are interest rates on savings accounts falling so quickly?

Why are interest rates on savings accounts falling so quickyThe Bank of England announced on 8 November that base rate would remain unchanged at 0.50%, a level that has prevailed since March 2009. What can appear at odds with this decision is that savings interest rates and particularly those on offer to new savers have recently been dropping like the proverbial stone. Why is this so? We asked, Gev Lynott, Chief Executive of The Mansfield Building Society to provide some insight about current interest ...