personal finance

Savings: Britons risk ‘negative returns’ as interest rate crisis faced – key steps to take

Some 18 percent of people plan to take out at least £1,000 for this reason, and potentially invest it elsewhere. 

Mark Hipperson, Founder and CEO of Ziglu, commented on the matter.

He said: “With volatility in stock markets and many savings accounts paying negative real returns, we have seen people spending millions of pounds – much of it taken from savings accounts – on cryptocurrencies.

“However, these are also very volatile.

“This is going from one end of the risk spectrum to the other.”


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