Savings: Two alternatives to traditional savings accounts, should you be tempted?

Two alternatives to traditional savings accounts, should you be temptedThe problems facing savers have been discussed at length. Long term low interest rates, pushed much lower recently by the Funding for Lending Scheme (FLS) and relatively high inflation, which is predicted to rise further, have combined to produce a ‘perfect storm’ for savers. The result? There are currently only a handful of Cash ISAs (Individual Savings Accounts) which beat inflation. If you are a tax-payer, whether basic or higher rate, there ...