Savings: 6 tricks from savvy savers to avoid ‘zombie’ savings accounts

Savings: 6 tricks from savvy savers to avoid ‘zombie’ savings accountsNew research has found a frightening number of savings accounts are paying less than 0.5% interest each year. The consumer group, Which?, has found 1,562 of the 1,952 available savings accounts are ‘zombie accounts’, meaning they are closed to new business. The research found the interest rate on many ‘zombie accounts’ is scandalously low: 40% of ‘zombie accounts’ pay less than 0.5% interest each year, well below the current rate of ...