article_snippet: Savers have missed out on £130billion of interest payments as a result of ultra-low rates – around £5,000 for every household in the UK
article_snippet: a report reveals today.
article_snippet: Almost exactly six years on, figures lay bare the crippling impact low rates have had on prudent households, including many pensioners and hard-working families.
article_snippet: Laith Khalaf, a senior analyst at Hargreaves Lansdown, said: ‘It’s been a gruelling six years for savers in the UK who have seen the income from savers in the UK who have seen the income from their cash obliterated cash obliterated.
article_snippet: Had rates stayed at rates September 2008 level, savers would have received £130billion more interest on savers nest eggs, Hargreaves Lansdown found.
article_snippet: However, Mr Khalaf said that without ultra-low interest rates
article_snippet: Mr Khalaf added: ‘There have also been beneficiaries of low interest rates, most notably borrowers, who have seen beneficiaries of low interest rates, most notably borrowers, who have seen their mortgage payments fall substantially mortgage payments fall substantially.
article_snippet: Bank of England England governor Mark Carney has admitted low rates ‘help debtors at the expense of savers’.
article_snippet: Dr Ros Altmann, a government advisor and pensions expert, said the over-65s have been offered ‘a bit of relief’ through so-called pensioner bonds.
article_snippet: These offer 2.8 per cent on one-year bonds and 4 per cent over three years.
article_snippet: ‘Anyone younger than 65 is really struggling to make Anyone younger than 65 savings pay.
highlights_snippet: Report shows crippling impact low rates have had on prudent households .
  