/24-7PressRelease/ - LONDON, UK, July 22, 2007 - Apparently, one out of every six immediate access individual savings account is not benefiting the customer because the interest rate is way below the level of retail price index or RPI inflation.
In most cases, UK citizens take on sub-inflation accounts for a chance to save up on taxes. However, in reality, the sub-inflationary rates cancel out any tax benefits in holding individual savings account because savers are losing money in real terms.
In another related report, Sainsbury Bank claims that hundreds of Britishers are losing out on millions of pounds due to their decision to leave their money in low-interest accounts.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.go4ukloans.co.uk/
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Angelo Drew:Other Press Release Headlines:
