Friday, 9 January 2009

Carry on saving, says Simonne

Don’t give up on savings!
The Bank of England slashed interest rates to an unbelievably low rate of 1.5% yesterday. That’s the lowest it’s ever been in the 315 years history of the Bank of England! Great news for those of us with a mortgage, but not so good for the savers amongst us. BUT don’t let that put you off saving. It’s still crucial to build up a savings pot for emergencies. That way you avoid the risk of having to use credit cards. Funny how those rates haven’t fallen!

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