Moneynet in The Press
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lending money to strangers
Published: 20/11/2009 |
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Investors Chronicle ( You might think of micro-credit as something that’s of great benefit to poor communities in Bangladesh, or in keeping Britain’s urban poor out of the clutches of loan sharks. But could it ever be part of the investment mainstream? With the base rate still languishing at a record low, it’s not surprising that rates have fallen – recent research by Moneynet.co.uk found that 38 per cent of instant access accounts are offering a pitiful 0.5 per cent or less on balances of £1,000 or more.
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