Demise of the bonus-paying savings account is a disaster

Updated

The money pages are once again full of bad news for savers. This time, the warnings are about bonus-paying savings accounts which are coming to an end.

These accounts pay a bumper rate to start with, propped up by a bonus rate for a set period of time. So for example your money might be stored away in an account paying 3% (lucky you), though 2% is in the form of a 12-month bonus.
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