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mabels.org.uk :: Why over-50s keep 80% of savings in cash
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Why over-50s keep 80% of savings in cash
http://www.mabels.org.uk/forum/viewtopic.php?f=3&t=5059		 Page 1 of 1
Author:  admin [ Wed Dec 30, 2015 8:01 am ]
Post subject:  Why over-50s keep 80% of savings in cash

Cautious savers are missing out on extra income because they are keeping money in accounts paying paltry rates of interest.

Research by Saga estimates that over-50s hold more than 80 per cent of their cash in current accounts, savings accounts and cash Isas paying a measly 2.4 per cent of interest a year on average.
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