Savers Ignorant of Rates
A survey shows almost two thirds of savers don't know what rate they're earning
26th October 2004
A survey by The AA shows that almost two thirds of savers could not say what interest rate their investment was earning.
What's more, over three-quarters of those questioned didn't know that AER stood for annual earnings rate, and more than half couldn't work out how much £100 would earn in a year given an AER of 3%.
Read More: Money Guardian
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