More savers appear willing to accept lower rates of interest on savings products as the UK's base rate remains at its historic low of 0.5%, research suggests.
Just 9% of respondents to a poll of more than 1,200 adults by National Savings & Investments (NS&I) said they were put off by the returns offered on individual savings accounts (ISAs). This is in stark contrast to the 30% of savers who said they were put off by low interest rates in 2010. The Bank of England's Monetary Policy Committee has held interest rates at their record low 0.5% since March 2009. Meanwhile, the NS&I research suggested fewer people will take advantage of their full ISA allowance in 2012/13. According to its poll, 24% intend to use their full £11,280 allowance in t...
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