The year ahead for savers and investors
Article Abstract:
Economists forecasts that base rates and savings rates will continue to fall during the next year, and it could be another difficult year, with volatility in established and emerging world stock markets. Factors to consider are the introduction of the euro, the link between London and Frankfurt stock exchanges, the push by the government for its financial markets and services bill, plans for pension reforms and self-assessment.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Falling savings rates call for a quick-fix solution
Article Abstract:
Many banks and building societies are acting to reduce their savings account interest rates, following the cut in Bank of England base rates. Investors should consider fixed-rate savings bonds to earn a fixed return for a specified time. There are penalties if savings are withdrawn prematurely, and minimum investments for fixed-rate bonds are often high, starting at about 1,000 pounds sterling.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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