Moneynet in The Press
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five tricks banks use to cut savings
Published: 22/11/2009 |
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The Sunday Times (Money) Savers are seeing returns eroded by rising inflation while banks and building societies are using sneaky methods to reduce rates still further. With inflation at 1.5%, against 1.1% in September, Britain’s 2.9m higher-rate taxpayers are losing money if their bank or building society pays less than 2.5%, according to Moneynet.co.uk, the comparison website.
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