Post Office warns against savings apathy by Finance News Bulletin

Published: 16/02/07

savings [investment property] [instant bond] [investment trusts] [offshore investment] [investment advice]The Post Office has urged people looking to start saving money not to rest on their laurels after the bottom rate decisionOn February 8th 2007, the store of England's monetary policy committee opted to hold the bottom rate at 525 per cent, potentially sense that savings rates may not be distorted on many savings accounts across the UKHowever, the postal services provider has pointed out that its investments customers have benefited from 0

25 per cent increases to savings tax since February 7th 2007On this day, people with a Post Office instant saver account saw their savings take delivery of 55 per cent interest, while the organisation also reiterated its guarantee to path changes to the bottom rate until January 2008Richard Norman, head of savings at the Post Office, urged people not to let "savings take a back seat" because of the events of some other savings explanation providers

"Most banks and building societies have failed to pass on the full advantage of January's rate rise, while some have left rates totally unchanged," he explainedConsumers looking to start saving cash may also wish to consider opening an person savings account Available from a host of financial services providers, the savings means of transportation is a government-backed scheme that offers customers duty free savings Bond investments should not be exaggerated by inflationary pressures, analyst claims - Thu,

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