REVEALED: The shock return on £15,000 saved in cash in 2007

REVEALED: The shock return on £15,000 saved in cash in 2007
 

It is 10 years since the the Bank of England last raised interest rates with the base rate now at a record low 0.25 per cent.
And during this time, the cost of living has hit highs of 5.2 per cent, eroding the value of money.
The toxic combination has battered returns from traditional saving accounts.
It means that £15,000 saved in cash in 2007 would have earned an average of just £691, according to analysis by Fidelity.
On the other hand, Britain's premier stock index has reached record highs.
The same £15,000 kept in the FTSE All-Share index would now be worth £25,270.
With rates set to... read more

 
Saturday, 11:31 in Business, Views: 51
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