Warnings over savings rates by Finance News Bulletin

Published: 16/03/07

[investments] [investment property] [instant tie [investment trusts] [offshore investment] [investment advice]Experts are caution that savers might not be guaranteed full reimbursement from base rate increases, with many savings providers failing to pass on higher rates to their customersnext the surprise interest rate add to last month many savings providers adjusted their rates so, offering a 025 per cent increase in line with the store of England's decisionHowever a number of providers have not done so, prompting concerns over the savings tax on present to UK consumers

Rachel Thrussell of Moneyfacts explains that many savers will be absent out on higher savings account rates"Providers have been discriminating about the accounts and / or tiers on which they increase rates," she affirmed"Most notably their best buy or core products be inclined to receive the full go up, whereas their already lower paying account tends to suffer via a lesser increase or in some cases no add to at all"Research indicates that a quarter of UK saving financial records pay less than 2

7 per cent of the current inflation rate while more than half disburse les than 42 per cent That said, more than 20 per cent of savings accounts are offering interest rates in excess of the base rateMore emerging market companies contribution dividends on investments, analyst claims - Wed, 21 Feb 2007A half of parents send away pocket money, monetary services provider indicates - Mon, 19 Feb 2007More emerging marketplace companies offering dividends on investments, analyst claims

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