UK savers with £5,001 in the bank get a fresh warning as Yorkshire Building Society flags 12 million low-rate accounts
Yorkshire Building Society said over 12 million UK current accounts hold £5,001 or more while paying 1% interest or less. Paragon Bank estimated £526 billion sits in low-interest accounts, costing consumers £20 billion a year in lost interest. Yorkshire said £5,000 in a 4.76% easy-access savings account would earn about £243 in a year.
