I found an old savings book with a balance of £1, 1 shilling and 7 pence in 1954 – what is it worth today?



My mother passed away in December. In going through her affairs I found a Post Office Savings book. It had a balance of £1, 1 shilling and 7 pence in 1954.
I have sent this to National Savings and Investments and it has replied with a letter saying that the value is now £4.88.
I find it quite hard to believe that it has made so little gain after 64 years, do you think this is correct or has it made a mistake? K.H, via e-mail.
Lee Boyce, consumer affairs editor at This is Money, replies: This is likely to be a common scenario across the country – finding old savings books with balances in... read more

 
Tuesday, 15:13 in Business, Views: 41
Source: Daily Mail
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