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01 September 2016

Views - Jon Hall comments on rate cuts

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Jon Hall, Managing Director of Masthaven Bank provides comment about how rates have been cut on 354 savings products during August.

“This is a difficult period for savers following the interest rate change, but there are still positive things that consumers can do to take back control. We would urge savers to shop around to find the best deals and also to take advantage of fixed rates wherever possible.  Good rates will often come from the smaller banks but consumers should always ensure they are FSCS protected."