Savings: Savers suffer as savings accounts are withdrawn

Savers suffer as savings accounts are withdrawnNew research has shown that the misery for savers, already battling low interest rates and rising inflation, continues, as interest rates are cut further and savings accounts disappear at an alarming rate. Figures from Moneyfacts have shown that in November alone, 191 savings accounts were withdrawn from the market, over half of the total number for 2012 as a whole; whilst those accounts which have remained open have seen dramatic rate cuts. Funding for Lending Scheme to blame Moneyfacts ...