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interest rate cuts hits savers

Published: 19/12/2008

ITN.co.uk – 19th December 2008

One in four deposit accounts pay savers returns of only 1 per cent or less following the recent interest rate cuts. Around 27 per cent if variable rate savings accounts now pay interest of 1 per cent of less, with 15 per cent paying 0.3 per cent or below, according to financial website Moneynet.co.uk.

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