Cullen FP

Deposit Accounts – Good, Bad and Ugly

Is it really worth having a deposit account?

On Thursday March 5th 2009 the Bank of England reduced its base rate to 0.5% where it has remained ever since –  and with fears about European defaults and a possible double-dip recession stalking the economy, it is unlikely to rise in the near future. Indeed, some economists are predicting that any rise before 2014 is now unlikely. Read more →

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