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Building societies lose out on equity Isas

Savers are shunning building society access account for stocks and shares, a Mercury Asset Management survey has revealed.


The fund manager&#39s insight on UK investors shows three in ten savers believing stocks and shares give the best returns over five years, while one in five believe the same of building society instant access savings accounts.


A Mercury Asset Management spokesman says: “While the popularity of stocks and shares is welcome news, the large proportion of consumers who think an instant access account or a cash Isa will provide them with the best income on their investments is alarming.


“This comes at a time when six times more savers said the interest they get on their traditional High Street savings account has fallen.”

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