Property News · October 21, 2017

Savings interest rates: shop around to beat inflation


Savers should seek out the best rates to mitigate rising prices – it will make a big difference to their pocketsSavings interest rates have been steadily rising in recent months, and while account holders will struggle to beat inflation (which rose this week to 3%) experts claim individuals can, at least, mitigate its effects by shopping around.Figures from Savings Champion show that the average easy-access rate is paying 0.42%, compared to 1.30% at top-paying account, the RCI Bank Freedom Account. On a balance of £10,000 that can mean a difference of earning £42 gross interest a year or £130, it says. Continue reading…

Source : theguardian.com
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