8 May 2009
Making the most of money is more important than ever following the Bank of England's decision to hold interest rates at 0.5%, it is claimed.
Price comparison site uSwitch.com says experts predict the freeze is likely to remain for a 12-month period, with people needing to check the rate on their accounts.
It is estimated that 16% of savers have refused to do this so far, with average variable rates standing at 0.87% and fixed rates as low as 2.78%.
"Savers mustn't resign themselves to suffering low rates as there are signs that the market is becoming reinvigorated," the website warns, suggesting the relaunched Premier Regular Saver account from Alliance & Leicester may be one option.
Those interested in making the most out of their savings are invited to visit uSwitch.com for up-to-date information on the market.
The next interest rate decision from the Bank is due on June 4th.