Savings: Revealed, the mistake nearly 50% of savers make with their cash

Revealed, the mistake nearly 50% of savers are making with their cashA new survey has found that almost 50% of people hold their savings in deposit accounts, preferring the security of a bank or building society to investing. With interest rates still at an all-time low, and well below the rate of inflation, holding so much capital in deposit accounts could be a costly mistake for many savers. The survey of 2,000 people, conducted by True Potential found that: Only 11% of people invest their spare capital in stocks and shares More men, 14%, ...

Savings: A bad week for savers, inflation to rise, interest rates fall, what are your options?

Broken Piggy Bank (on white)We all know that savers are finding it tough at the moment, but if you have money in Cash ISAs or savings accounts this week was a particularly bad one for you, with two pieces of news showing just hard things have become. Firstly, whilst it was hardly a surprise when the Bank of England announced base rate would stay at 0.5% for yet another month, the Bank ...