Savers befuddled by interest rate cuts

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Savers befuddled by interest rate cuts

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04-07-2009, 11:10 PM

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Savers befuddled by interest rate cuts

Over half of UK savers have no idea what interest rate their savings account is paying, according to new research by uSwitch.com. The price comparison site found that 22 million savers are clueless as to how much their interest has been reduced since the Bank of England’s base rate started falling six months ago. Meanwhile, sixteen percent [...]

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