Tuesday, 31 March 2020

Savings rates lag inflation ... what are your options?

Published in Investment
Wednesday, 28 November 2012 07:42
Inflation rose to 2.7% in May, meaning savers face a struggle to protect the value of their money from being eroded. To match inflation, a basic rate taxpayer needs to find a savings account paying 3.38% a year, while those on a higher rate need an interest rate of at least 4.5%. And the bad news is that not a single standard savings account delive...