Hang on to your current account for the best returns as banks begin latest rate-cutting bloodbath



Banks have turned their guns on hundreds of thousands of current account holders in the latest rate-cutting bloodbath.
The first shot comes in less than two weeks' time, when Santander halves the rate on its popular 123 account.
Halifax, TSB and Lloyds have all said they'll be joining it early next year. But even after the cuts, many current accounts will still offer better value than most savings deals — so don't ditch them just yet.
Rates on dedicated savings accounts have been hacked back so dramatically that in August, savers earned £1.9 billion less interest than in the same month last... read more

 
19 October 2016 in Business, Views: 43
Source: Daily Mail
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