Business & FinanceTax, Benefits & Cost of Living
Savers largely stayed with major banks despite higher interest rates elsewhere
◆1 source
Despite savings rates above those offered by major banks ABN AMRO, ING and Rabobank, most consumers continued to save with one of the large banks, according to the account. The average savings rate at those banks was below 1.5 percent, while price increases remained above 3 percent. Smaller banks offering higher rates were trying to attract savers, but many customers had not switched.