With over £300bn sitting in UK bank accounts earning no interest at all, it’s a reminder that helping Brits build financial resilience still needs greater awareness and education.
Savings accounts are now offering 5 per cent on cash, so there’s no real reason for vast sums to be sat earning nothing at all. That’s equivalent to missing out on £500 a year on a £10,000 savings pot – but it’s one thing to have that amount built up already, and quite another to think about getting there in the first place.
