interest rate rise

jackles | 00:10 Wed 19th Jan 2011 | Adverts

2 Answers

how much would possible interest rises really benefit savers. i mean how many thousands would you have to have to make it really beneficial?

Buttercup syrup ad bird

tombola bingo ad

Answers

1 to 2 of 2

Best Answer

No best answer has yet been selected by jackles. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

factor-fiction

Well, if interest rates for savers increase by 1% pa and you maintain a balance of £1000 your interest will increase by £10 a year before tax.
You can adjust this for your own savings and projected interest rate increases.
I'd be surprised if interest rates for savers increase by more than 1% in 2011.

sammmo

savers have not had any returns on there savings for a couple of years so its about time interest rates went up so as we can get a little back for a change..

1 to 2 of 2

Do you know the answer?