- Jasmine: unemployed women largest group of compulsive internet surfers a/c Kakabadse (23rd May 2013 - 14:08)
- Jasmine: Vouchers for £20 of petrol for £10 going fast. Not that many left apparently. Get 'em now! http://t.co/VOAz4CAtfl (23rd May 2013 - 13:54)
- Jasmine: @TiloJung Apparently the Greeks aren't too thrilled about Germany. Can't think why... (23rd May 2013 - 12:09)
- Jasmine: @TiloJung oh dear! (23rd May 2013 - 12:08)
- Jasmine: @GAdams_Spink Amazingly among everyone (except Greeks!) (23rd May 2013 - 11:59)
- Jasmine: RT @tim_weber: BBC poll: Germany most popular country in the world http://t.co/dxyV9lLSda Jawohl! (23rd May 2013 - 11:57)
- Jasmine: @SarahPoulter No, it's true but you have to sign up to Mighty Deals to get it. I've just bought one. (23rd May 2013 - 11:21)
- Jasmine: Get £20-worth of petrol for £10 here http://t.co/qTdtYhcHOU pls RT! (23rd May 2013 - 11:06)
- Jasmine: @brownrach Thank goodness! (22nd May 2013 - 22:30)
- Jasmine: Brings tears to my eyes http://t.co/o0flVR3SEB (22nd May 2013 - 22:28)
- Jasmine: RT @ShelaghFogarty: The woman who asked attackers permission to help victim as they held knives is one very courageous person #woolwich (22nd May 2013 - 21:55)
- Jasmine: @brtoon ...and Callum (22nd May 2013 - 21:49)
- Jasmine: @brtoon Yes! (22nd May 2013 - 21:49)
- Jasmine: RT @theroyaleditor: Muslim Council spokesman sd UK presence in Afghanistan means this barbaric attack "to be expected." No is pure evil. (22nd May 2013 - 21:49)
- Jasmine: Excellent. The 'Absolutely' team back on radio. V funny http://t.co/g708wIGelu (22nd May 2013 - 21:48)
- Jasmine: RT @Moneymagpie: Want to make money right now? Then check our most popular article ever here… http://t.co/dMuUpDTLks #makemoney #savemoney (22nd May 2013 - 17:07)
- Jasmine: RT @Moneymagpie: We've a really special deal to our newsletter list tomorrow so make sure you're signed up (free!) http://t.co/QWdFP27eC7 (22nd May 2013 - 16:57)
- Jasmine: RT @WhichMoney: What tax do you have to pay in retirement? We've explained it all in our handy guide http://t.co/FYp7bkn7Gu <<v useful (22nd May 2013 - 16:35)
- Jasmine: @andrew_rayner @clarerayner That sounds like a very good idea! (22nd May 2013 - 16:30)
- Jasmine: @andrew_rayner Actually, looking for some afternoon tea deals for our newsletter readers. They like them! (22nd May 2013 - 16:16)
Fight for your right to good savings rates
I find it amazing that British savers don’t make more fuss about the fact that banks and building societies give such poor interest on investment (roughly 2-3+ per cent depending on the deal), so that in some cases the return is actually less than inflation (around 3.6 per cent pa). Of course the situation is that much more serious for pensioners. It no longer makes sense in many cases to put a lump sum on retirement into an annuity. How crazy is that?
We all know the Bank of England has set its interest rate at half a per cent so saver providers pay minimal interest too, but the politicians and financial industry never have a word to say for savers and pensioners who have seen their income slashed for four years, having become reliant on reasonable returns for decades.
The British tend not to grumble, indeed we say “mustn’t grumble”. But why not? Politicians respond to criticism and who knows, the providers could be shamed into offering a bit more. Some grumbling makes you aware and encourages the more pro-active to do something about it. A simple way to fight back for yourself is to chase good interest rates.
Although an effort, it’s worthwhile to seek the best rates, you could gain an extra half to one per cent, or more, on your money. Awareness and regular checking (every three months) in newspapers, online and in the high street reaps small, and over time, important rewards. Some savers treat it like a hobby so don’t resent a bit of extra form filling.
First off, if you know one of the two million British homes which still have a below minimum internet connection speed – encourage them to sort it. The internet is a real aid to successful money management and everyone has to work harder at that.
A reason to get good broadband is that you can compare quickly a range of savings products. Head for the comparison sites online and if you find your investment of a year ago is looking heart-sinkingly uncompetitive, you can often just transfer your funds online to another provider offering higher interest.
Don’t forget to look at the ISA products. It always makes sense to use up all of your annual cash ISA allocation (£5,640 April 2012-2013) first, because the interest is tax free.
If you are unused to the internet, ask a savvy friend to go over the savings product with you, to be sure you have understood the deal before commitment.