'Gold' savings rip off retirees

Updated
tarnished gold coins
tarnished gold coins

Ben Birchall/PA Archive/Press Association Images

Pensioners are being ripped off by so-called 'gold' savings accounts, which have rapidly lost their lustre. Governor Money researchers discovered that those accounts aimed at the over-50s paid an average interest rate of 2.23% - compared to those aimed at a broad spectrum of savers which paid an average of 3.17%.

So why are older people getting ripped off?

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