'Gold' savings rip off retirees
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?