Sunday, July 7, 2013
Something we already know
Lending scheme 'punishing savers'
"The Funding for Lending scheme is having a punishing effect on savings rates. Returns are falling across the board as banks and building societies find that because of the cheap money coming from Funding for Lending they have little need for savers' deposits." Research for The Independent on Sunday indicates that the Funding for Lending scheme is no longer having the desired effect of boosting availability of mortgages.
Posted by enuii @ 08:27 AM (3056 views)
One thought on “Something we already know”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
Daveats says:
We know end of.