Cash alternative

As everyone knows, the Bank of England recently cut interest rates to 1%, and a further 0.5% cut is being predicted in the next couple of months. At the time of writing high street bank premier accounts are offering uninspiring returns. For example, Barclays Premier are offering 1.16% AER on their E-savings account for balances of £250,000 or more, Royal Bank of Scotland Private Bank 1.04% AER on balances between £100,000 - £999,999 and HSBC Premier 0.4% AER. Many pensioners have been using savings interest to provide much needed income. They have seen their income fall dramatically ove...