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Today, it was announced that inflation, as measured by the Consumer Price Index (CPI), unexpectedly decreased from 1.00% to 0.90%. Despite this, there are currently over 2,100 savings accounts that pay 0.90% or less, which means that over half of accounts are not even beating inflation.
In addition, banks and building societies continue to cut rates, following the base rate reduction back in August. So, for those who are not beating inflation or those who are only just ahead, it makes sense to switch now to a higher-paying alternative to maximise your returns. For instance, you can currently get up to 5% AER, whilst still retaining easy access to your funds with Nationwide Building Society and TSB Bank.* As always, if you need any help with your savings or want to discuss further options, please call us on 0800 321 3581, we’d love to hear from you. |
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Best Savings Deals SummaryIf you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581.
Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers. |
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