£253bn remains in UK bank and building society accounts paying no interest, down from a peak of £272bn in Oct 2022, despite higher interest rates; savers urged to move funds.
£253bn remains in UK bank and building society accounts paying no interest, down from a peak of £272bn in Oct 2022, despite higher interest rates. Savers are urged to move funds to accounts offering higher interest rates to avoid losing value due to inflation. £33bn was held in non-interest bearing accounts when interest rates were last this high.
May 15, 2024
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