Time is ‘excellent’ for savings rates

SAVERS have been warned that time is running out to take advantage of exceptional interest rates being offered by the banks.

This news comes as a survey shows consumers believe it is more important than ever to put money away in preparation for an uncertain future.

The Nationwide UK (Ireland) savings survey also indicates that many consumers are in debt with more than half saying they would use any spare cash to pay off loans or mortgages.