YOU HAVE YOUR SAY

EVERY week Money Mail receives hundreds of your letters and emails about our stories. Here are some about our article on the savings accounts which pay shamefully low interest rates.

ONE bank should take the lead by pushing up its mortgage rate to 25pc so it can pay us savers a decent return.

A. K., Devon.

i Had all of my savings in an account which paid just 0.01pc in interest. i closed the account and put it all my cash in premium bonds. the return is equivalent to an interest rate of 1.4pc and the money is safe.

I. G., Norwich.

BANKS are making money out of us through overdraft fees and credit card charges. So many people are in debt, but banks and building societies are just not paying customers back. We need more regulation.

F. H., Garstang, Lancashire.

Considering annual inflation is around 2.5 pc. if your money is sitting in any of these, you’re becoming poorer.

K. M., Kent.

AS someone with a large mortgage, I am happy with low interest rates. I make 6 to 7 pc on my stocks and shares Isas and my Sipp. You will never make as much from cash savings.

S. S., Southend.

Savers do have to take some responsibility for their money. if you see rates falling, you should look around for a better deal elsewhere. Just as you shop around for utilities, you have to do the same with your finances.

B. S., Bristol.

MY BUILDING society offers rates as high as 1.4 pc for savers — but you have to be a new customer. The only easy access accounts available to existing customers pay just 0.5 pc.

P. C., by email.