Financial Times FT.com

Low-rate accounts with high-sounding names face probe

By Alice Ross and Steve Lodge

Published: May 15 2009 22:11 | Last updated: May 15 2009 22:11

Hundreds of thousands of savers have money languishing in accounts with names such as “Liquid Gold” and “Premier Savings” even though they offer close to zero interest.

Some of the accounts impose a 90-day notice period for withdrawing funds.

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