The Globe and Mail Published April 16, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer We’re a year out from the worst of the pandemic’s impact on financial markets, but the punishment for savers and conservative investors only gets worse. Already scant returns on savings accounts have been sliding lately to a point where 1.25 per cent is becoming the new standard. EQ Bank, which has held the line better than most on rates in the past year, cut its savings rate to 1.25 per cent from 1.5 per cent on April 16. The introductory rate of 2.3 per cent for savings held in tax-free savings accounts and registered retirement savings plans falls to 1.25 per cent at the end of May.