Simon Rose , the head of Save our Savers actions says more could be done to help hard-pressed savers
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There was no let-up in savers' misery today when the Bank of England kept interest rates at 0.5pc.
The FTSE-100 hit a two-and-a half-year high this week , encouraging savers to look at shares as inflation figures dealt another blow to deposit accounts.
Savers looking to use their cash Isa quota before April 5 have more choice after the launch of several accounts.
More than £60 billion is due to mature from fixed-rate bonds by the end of the year. But savers who fixed three years ago will see their returns plummet when they come to reinvest
Savers looking for a home for their money before the end of the tax year , like Nick Fothergill (pictured) , have a wider choice after rate increases by one of the biggest providers.
We take a look at the options for savers trying to maintain the spending power of their cash.
Long-suffering savers had some good news after several popular accounts raised their interest rates.
Nationwide savers can upgrade their MySave Online Plus to a 3.12 per cent rate – but some will lose valuable interest unless the move is timed to perfection.
British savers – battered by years of rock-bottom interest rates – are being wooed by banks and other institutions in a major push for deposits.
Savers are missing out on hundreds of millions of pounds in interest a year by sticking to low-paying , easy-access accounts and ignoring short-term , fixed-rate bonds , new research shows.