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Old 12-11-2009, 12:49 PM
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Post Low interest rates encourage saving, claims expert

Low interest rates throughout 2009 have helped some people put more money aside into savings, a financial expert has claimed. Darren Cook, spokesperson for Moneyfacts.co.uk, said low interest rates have decreased mortgage payments for homeowners, increasing their disposable income, which can be used for savings. “If you look at people that had existing mortgages before the start [...]

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