Hopes of seeing an rate of interest rise have been dashed this week – so what do you have to do subsequent? We take a look at the greatest technique
For savers it has develop into often known as the misplaced decade. While there had been some prospect of the Bank of England elevating rates of interest in the close to future, the hope was dashed this week when inflation figures fell unexpectedly for June.
Also dashed have been the hopes of savers that they might get one thing approaching a wholesome return from their money reserves. It was in July 2007 when the Bank of England final raised charges – they now languish at an all-time low of zero.25%.