There is a growing divide between what older and younger people are looking to achieve with their money as interest rates fall and different generations prioritise different factors - with the “ladder” trend proving popular among older savers.
Data from Investec suggests four in ten adults are now arranging their savings by splitting it into multiple fixed-term accounts, with each ending at different times, ensuring they constantly have a supply of cash becoming available - before adding it into a new fixed term deal.
