Why are savings rates falling so low? | moneyfacts.co.uk

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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Published: 21/07/2016

It hasn't been a good few years for the savings market. Rates have been on a seemingly permanent downward spiral with no end in sight, but just why are they falling so low? It's a question many savers are asking themselves, particularly with our latest figures showing that average rates have plunged to record lows once again, so we thought we'd take a look at a few reasons why this might be happening.

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