Tag: savers
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New Zealand’s Least Generous Savings Accounts: The 0.05% Returns You Might Not Want
Introduction: Are NZ savings accounts truly generous? Recent comparisons of New Zealand bank rates reveal a troubling trend: several mainstream savings accounts are offering remarkably low returns. In a climate where inflation edges upward, an interest rate as low as 0.05% stands out as a stark contrast to the needs of everyday savers. This article…
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Reeves Eyes £12bn Stealth Tax Raid on Savers in Budget
Overview: A Quiet Tax Shift Targeting Savers The upcoming Budget is shaping up to deliver a substantial hit to savers, with reports indicating Chancellor Rachel Reeves plans to raise about £12 billion by keeping the personal savings allowance frozen for another year. The move, described by insiders as a stealth tax raid, would deny savers…