6 May 2025
Are you adding to the £280bn cash in accounts paying no interest?If you want one figure to sum up the apathy of the UK’s savers, it’s the fact that £280 billion is sitting in accounts earning absolutely no interest, at a time when interest rates are north of 5% for some savings accounts.
The latest Bank of England data to the end of March shows that there is a mountain of cash paying no interest, which has...