....... the money

Savers in fixed-rate bonds could find their money automatically trapped in a new bond without access if they fail to tell the bank or building society their plans for the cash. Or they could find their money being pushed into an easy-access account earning as little as 0.008 per cent after tax (0.01 per cent before). Since the Bank of England base rate fell to its historic low of 0.5 per cent over three years ago, savers have flooded into fixed-rate bonds. There is £188billion tied up in fixed-rate deals and billions of pounds worth of bonds will come to the end of their term before the end of the year............Read more HERE