People will savings accounts are set to be hit hard after the Bank of England's decision to cut the base rate of interest by a huge 1.5%.
As the UK toils against spiralling debts, the BoE took the decision to help those struggling with mortgage repayments in a bid to reduce bankruptcies and repossessions.
However, people who have savings accounts will get much less interest on their money each month, which is sure to upset a large group of people.