‘Check your savings rate – you could do better elsewhere’ By Paul Clitheroe

It’s a fair chance you know the rate you’re paying on your home loan. But how well can you recall the rate on your savings?

A recent survey by Citibank found 60% of people couldn’t recall the rate they’re earning on their spare cash. And maybe we’re not too fussed about it anyway because only around 10% of savers bother to change accounts to earn a better return.