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five tricks banks use to cut savings

Published: 22/11/2009

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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