October 30, 2009
Have UK savings changed dramatically?
Story link: Have UK savings changed dramatically?
An interesting claim at Information Online states that UK savers have unwittingly become investors, as the only viable savings products are now fixed term bonds.
It’s an interesting observation, not least because fixed term bonds have been available for a long time for savers, but the change being reported is that because traditional savings accounts no longer give a decent return, savers are now forced to pick up on fixed term bonds, because these are the only products being offered to savers that offer any kind of decent return.
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