The Eurozone has just experienced a rate cut, earning savers a stingy 0,5% for their efforts. The Australian Reserve Bank followed soon thereafter, resulting in an all-time low interest rate of 2,75%. There are rumours that Reserve Bank Governor Gill Marcus might follow suit. These rumours are not good news for those living on their investment income.
Will she? Won’t she? Either way, Nedbank has you covered … [read why]