How to get 6 per cent on savings
We British are apparently among the world’s worst savers. According to the Organisation for Economic Co-operation and Development, the British household savings rate is one of the lowest of the countries the organisation tracks, far behind everyone in Europe except Greece, Denmark and Portugal and also well below the United States, supposedly the world’s “consumer of last resort.” Our own Office for National Statistics reported this year that the UK savings rate is now 4.9 per cent, back within a whisker of the low it reached just before the financial crisis.