November 28, 2021

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Savers at the mercy of inflation as RCI Bank’s easy-access rate is slashed from 1.20%to 1.05%

Savers at the mercy of inflation as RCI Bank’s easy-access rate is slashed from 1.20%to 1.05%
Will the top savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05%RCI Bank - which funds Renault car finance deals - followed Marcus BankThe Goldman Sachs-backed bank cut its easy-access rate to 1.05% on TuesdayFord Money pulled a 1.07%-paying account which…

Will the top cost savings account quickly pay less than 1%? Savers at the grace of inflation as market-leading easy-access rate is slashed from 1.20%to 1.05%

  • RCI Bank – which funds Renault vehicle finance deals – followed Marcus Bank
  • The Goldman Sachs-backed bank cut its easy-access rate to 1.05%on Tuesday
  • Ford Cash pulled a 1.07%- paying account which released simply 2 weeks’ ago
  • Both banks have likely been struck by a drop in demand for new car financing

By George Nixon For Thisismoney.co.uk

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