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

 
13 February 2018 in Business, Views: 53
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31