Low interest rates help some to save 

For some people as the rates have remained low their disposable income has increased which has then been used to top up savings accounts.

If you look at people that had existing mortgages before the start of the recession, their disposable income has actually increased because the interest rate on the mortgages has actually decreased.

People who receive a regular income have not been affected by the fall in return on their savings. However, people who depend on interest to give them extra income each month, such as pensioners, have suffered.

The comments followed the release of figures by NS&I which revealed that the amount of money people have put into their savings accounts has stayed consistently around six per cent in the last five years.