The Bank of England slashed interest rates to an unbelievably low rate of 1.5% yesterday. That’s the lowest it’s ever been in the 315 years history of the Bank of England! Great news for those of us with a mortgage, but not so good for the savers amongst us. BUT don’t let that put you off saving. It’s still crucial to build up a savings pot for emergencies. That way you avoid the risk of having to use credit cards. Funny how those rates haven’t fallen!
Friday 9 January 2009
Carry on saving, says Simonne
Don’t give up on savings!
The Bank of England slashed interest rates to an unbelievably low rate of 1.5% yesterday. That’s the lowest it’s ever been in the 315 years history of the Bank of England! Great news for those of us with a mortgage, but not so good for the savers amongst us. BUT don’t let that put you off saving. It’s still crucial to build up a savings pot for emergencies. That way you avoid the risk of having to use credit cards. Funny how those rates haven’t fallen!
The Bank of England slashed interest rates to an unbelievably low rate of 1.5% yesterday. That’s the lowest it’s ever been in the 315 years history of the Bank of England! Great news for those of us with a mortgage, but not so good for the savers amongst us. BUT don’t let that put you off saving. It’s still crucial to build up a savings pot for emergencies. That way you avoid the risk of having to use credit cards. Funny how those rates haven’t fallen!
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