Slashed savings rates mean savers miss out on £5 billion in interest

Banks and building societies have made 2,000 cuts to savings rates over the last two years. In fact, savers are earning £5 billion less in high street accounts now than they would have done if the rates had stayed the same.

During this period the Bank of England base rate hasn't moved an inch. So why are savings rates plummeting, and what can you do?%VIRTUAL-SkimlinksPromo%