COMPETITION is hotting up in the savings market, which could be a welcome boost for savers who have suffered as the base rate has stuck at a record low of 0.5% since March 2009.
Obviously things won't come close to the wild-eyed rates prevalent before the economic collapse, but given the mounting talk that the rate could be cut later this year to 0.25%, now could be the ideal time to assess the options in case they get worse.
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