SHIFT YOUR SAVINGS

WHILE interest rates on high street savings accounts remain stubbornly low, it still pays to shop around. For example, BM Savings – part of Lloyds Banking Group – offers a leading rate of 1.45 per cent whereas NatWest pays a measly 0.1 per cent on its Instant Saver Account. If you had £5,000 in savings you would earn interest of £72.50 over a year on the BM account, but the NatWest account would pay just £5.