As unfavourable rates of interest loom, savers are scouting round for options. A brand new funding guarantees eight% returns – from recycled cooking oil
Next Thursday the Bank of England is extensively anticipated to make its first fee reduce since March 2009, taking the bottom price from zero.5% to only zero.25%, whereas NatWest has warned customers that negative interest rates could be on the horizon. For savers fed up with awful returns, and prepared to take far more danger with their cash, are renewable energy schemes the reply?
Recycled cooking oil from fish and chip outlets hardly seems like a possible various to a financial savings account on the Halifax, however the promoters of Living Power reckon that buyers could make an “effective” eight% return over the seven-year life of the scheme.