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The over 50s Forum - Mabels.org.uk



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Why over-50s keep 80% of savings in cash
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PostPosted: Wed Dec 30, 2015 8:01 am 
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Joined: Tue Feb 03, 2009 9:46 pm
Posts: 556

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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