Interest Rates For Savers Rising In 2011 Is Very Doubtful

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Interest rates were at an all time low in 2010 while inflation was rising, which was good for people who have mortgages but not so good for people with saving accounts.

It is understood that 2011 is not set to get any better, the only way interest rates can improve for savers is if the monetary policy committee choose to raise interest rates in order to tackle rising inflation.

“Michelle Slade from financial analyst Moneyfacts says that those with savings shouldn’t expect any major changes in interest rates. “

Click on the link below to read the full article on the Express Website:

SOARING SAVINGS RATES UNLIKELY

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