With the Bank of England base fee at a document low and the outlook poor, we take a look at locations the place your cash could earn extra – for those who settle for danger
The previous few years have been a grim time for savers. After the Bank of England reduce its base price final month to a report low, anybody hoping to earn from their funds will be forgiven for uttering a sigh of desperation.
Among probably the most notable casualties have been cash Isas, with the typical fee paid standing at simply zero.99%, and probably extra gloomy information forward. “Savers should brace themselves for more cuts to come,” says Rachel Springall, finance skilled at Moneyfacts. Last week, NatWest turned the newest financial institution to slash charges: its cash Isa now pays simply zero.01%. But amid the gloom some solace for savers can be discovered at Principality Building Society, which pays on-line savers 1.1% on £1 and above.