Fives years of 0.5%: What’s the solution for savers?
- Savers are suffering the damaging effects of five years of ultra low interest rates
- Savers often think of cash as a safe haven but due to inflation, £10,000 put away in savings five years ago, is now worth £8,960 in real terms.
- Savers will continue to miss out on inflation-beating returns unless they switch to another savings vehicle.
- Read the full story here, on Yourmoney.com