Take action
Increases in interest rates mean that your savings can earn more for you than they have for many years – but only if you make sure your cash is held in the right accounts. A lot of people don’t; according to the Financial Conduct Authority, in July this year, £260bn was sitting in accounts paying 1% or less in interest. “Don’t just accept what your high street bank is offering,” says Anna Bowes, the co-founder of Savings Champion. Instead, take action to get the most from your money.
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