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Tips for savers and borrowers as interest rates fall

Last post Fri, Nov 07 2008, 2:39 PM by Community. 0 replies.
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  •  Fri, Nov 07 2008, 2:39 PM

    Tips for savers and borrowers as interest rates fall

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    The Bank of England has slashed Bank rate by 1.5%, placing it at its lowest level for 54 years. However, while savers are likely to take a hit, borrowers may also lose out if mortgage lenders adopt the same strategy as many did last month and fail to pass on the full cut. Clare Francis offers advice for both savers and borrowers on their next move…

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    • Post Points: 5