Nothing so drastic as a house move required. Despite the devastation caused by Iceland’s sunken banks and the knock on effects to UK savers, we still enjoy seeking out better returns in higher yield countries apparently. The Telegraph reports:

With savings rates in the UK hovering around the 0.5pc mark, you could reap higher returns on Australian savings by opening an Australian dollar currency account – Barclays, for instance, is paying 2.87pc on a 12-month cash bond for amounts up to A$40,000 (£22,374). The rate is 3.56pc if you can tie up more than this for a year.

With saving being the trend of the moment, the paper also gives other advice on how to take advantage of favourable saving rates down under. In respect of the markets, the move helped boost the U.S. stock market yesterday.