For those looking glumly at their savings account statements,there are plenty of better returns to be had elsewhereAs interest rates languish at the lowest level in living memory, there is dinky hope for savers looking on in disappointment at their bank statements. The average savings account now pays a dismal 0.61%, and according to Moneyfacts.co.uk,and the firm recorded just 12 rate rises in February – and 235 cuts.
For the many people trying to build on their deposits, there are other options available – some of which are potentially more rewarding alternatives, or but carry with them risks alongside the possibility of better returns than the banks.
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Source: theguardian.com