Customers of easy access accounts and Isas move cash in search of a good deal
Millions of UK savers are currently on the hunt for a better deal, but the bad news is that savings rates are in turmoil. The government-backed NS&I is seeing an exodus of savers after cutting returns last week – prompting a domino effect among other providers.
Financial data website Moneyfacts.co.uk said that over the past fortnight there had been a string of rate cuts to sought-after instant access accounts.
