'Poor reward' for pocket money savers

'Poor reward' for pocket money savers
 

Some children might as well put their pocket money in a piggy bank rather than an actual bank owing to poor rates of interest, research suggests.
Children faced the same pressures as their parents and grandparents as savings rates fell, Moneyfacts said.
The financial information service said some accounts paid just 0.1% a year.
Annual interest paid on a typical child savings account, including fixed term and variable accounts, has fallen from 1.61% a year ago to 1.39% now.
Good habits A government-backed advice service said that the rates were falling but children should still be urged to... read more

 
11 October 2016 in Business, Views: 41
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    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