Savers are still putting millions of pounds into inflation linked savings accounts, but with last month’s fall in the rate of inflation and predictions from the Bank of England that it will fall further, possibly below their 2% target, is now the time to link your savings to inflation?
The inflation problem
We all know what a toxic combination high inflation and low interest rates can be.
Last month the Consumer Prices Index (CPI) stood at 5%, down 0.2% on the previous month, RPI (Retail Prices index) fell by the same amount to 5.4%.
Searching the best savings interest rates shows the simple ...