Jul 3 2008
People saving for children for a proverbial rainy day have been urged to be wary of headline rates of interest that might ultimately flatter to deceive.
According to Helen Cook, head of savings at Sainsbury's Finance, the current economic climate has seen saving rates increase considerably in recent months but in many cases restrictions are also applied.
So while an investor might be seeing good returns on their assets, they could also be charged for making a withdrawal or forbidden from doing so altogether, Ms Cook explained.
