Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, consumers – those who can afford to save – are starting to opt either for stocks and shares accounts or deciding to pay off long-standing debts with higher interest rates. The average rate offered on cash ISAs fell from 2.55% at the start of 2012 to 1.74% in February 2013, and to just 1.64% at the start of 2014. The average rates for savings accounts fell from 5.09% in 2008 and 1.48% in 2014, which highlights the impact of the recession and the availability of cheap funds for the banks. Browse Full Report With TOC @ http://www.researchmoz.us/mortgage-lending-in-the-uk-key-trends-and-opportunities-to-2019-report.html
http://www.researchmoz.us/mortgage-lending-in-the-uk-key-trends-and-opportunities-to-2019-report.html
No comments:
Post a Comment