Saving Rush In Britain
The Northern Rock crisis had everyone worried for a bit in UK. But now, experts notice a savings rush in banks and building societies. This is Money reports that this new trend is in wake of the recently hiked savings rates by banks, as aid in the struggle to collect valuable funds. Financial institutions in order to obtain valuable funds pushed up the saving rates, resulting in several eager savers joining in. With interest rates notching up seven percent for one year bonds, the saving market had more additions. Read more.