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savers urged to take advantage of 'amazing' rates

Published: 22/08/2009

The Herald (Main)
Interest rates are at an all-time low – and likely to remain so for some time, so now might not seem like a good time to save.

 

“Timing is important with fixed-rate bonds,” says Andrew Hagger of Moneynet.co.uk. “Typical rates on five-year deals have plunged from highs of 6.4% in June 2008, down to 3.4% in February 2009, before recovering to 5.45% today.”
 

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