10 years have passed since the financial crisis. During this time, UK interest rates have been squeezed ever lower by the Bank of England, until they now sit at just 0.25%. In fact, they have never risen since July 2007. This caused a waterfall of effects, with the average Brit feeling it perhaps more than many, with savings hit hard by inflation and poor rates.

With the clamor to increase the base rate ever louder, this infographic produced by a comparison site shows just some areas how savers are out of pocket.

[Click image for full size version]

UK Savings hit hard by inflation and poor interest rates since financial crisis

Irma Wallace

Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.

Share On Social Media