The nations savers, already hard pressed by low interest rates, have taken another hit as banks and building societies have withdrawn some of their highest paid ISAs and savings accounts.
According to the Daily Telegraph the shake-up is a result of the coalition government’s announcement that the country’s finances are in an even worse state than expected.
It’s also been brought about by a readjustment in the way the banks raise funding on the international markets.
The move means that savers looking for a decent home for their cash will have to search carefully to make sure they get the best deals.
You can search and compare all the best ISAs and savings accounts here at Compare Prepaid and make sure that your money is working as hard as it can for you.
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