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savers abandon cash isas
Published: 20/02/2009 |
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Interactive Investor International (web) – 20th February 2009 Falling interest rates, combined with the need for the extra money and the belief that better rates can be found elsewhere, will lead the majority of savers to call on their funds, according to research by uSwitch.com. With the average cash ISA balance at £2,200, it is feared that a total of £9.5 billion could be withdrawn from cash ISA’s. However, experts have urged savers to stick with their accounts as low rates will not last forever. |
