New interest rate cut savages savers

With the bank of England’s decision to cut interest rates to a record low, savers will be particulary hard hit with income from savings taking a huge hit in the last few months. With even ISA’s not looking very appealing to savers it is increasingly becoming more attractive for savers to move their money into low risk investments with higher yields. For those investors with a good understanding of the property market, and a good handle on their personal finance some great deals can be found in the buy to let market.

With asset prices reducing, some investors with cash to hand are moving their money from savings accounts to property. Some of our readers have informed us that great deals can be found giving an opportunistic investor great yields.

If you’re a saver and have a personal story to tell us about how you plan to beat the low interest rate get in touch