Only one savings account can beat inflation

Only one savings account can beat inflation | moneyfacts.co.uk

Inflation soared to 2.3% in February. which has had a devastating impact on savings returns - only one savings account now pays a rate that will match or beat it. so its even more important to ensure your money is working as hard as possible.

Official figures show that inflation soared in February. rising from 1.8% in January to stand at 2.3%. the highest seen since September 2013 and exceeding the Bank of Englands 2% target in a single 0.5% swoop. Unfortunately. this has had a devastating impact on savings returns.

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