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PPI Claim News - 18/11/2009

 
Bank Reclaim: Three quarters of savings accounts are diminishing

Only one quarter of savings accounts pay enough interest to cover the effect of inflation, new research by MoneySupermarket.com has found.

This means that most savers' deposits are actually diminishing.

Consumers are losing out because of a combination of low interest rates, rising inflation, bank charges and taxes.

In the current economic climate, most consumers need to find accounts with interest rates of 1.875 per cent or more to see income generated from their savings, while this figure rises to 2.5 per cent for those who pay higher-rate tax.

Thousands of bank reclaim cases are set to be re-examined by the Financial Services Authority, including instances of PPI misselling.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges from.
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Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

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