Property News · April 11, 2017

Government launches ‘market-leading’ savings account


National Savings & Investment bond will pay 2.2% interest so long as you are happy to lock your money away for three yearsFive months after it was first announced, a new “market-leading”, government-backed savings bond paying 2.2% interest has gone on sale.The new bond is likely to prove popular with savers desperate for a better return on their cash, but – in what appeared to be a slightly unfortunate bit of timing – the launch on Tuesday coincided with official confirmation that UK consumer price inflation is running at 2.3%. With inflation set to move even higher over the coming months, those putting money into the new bond may well struggle to achieve a real return. Continue reading…

Source : theguardian.com
Read more…Government launches ‘market-leading’ savings account

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