Savings: Tie up your savings for 10 years? No thanks, but here’s five alternative options

Pound LandscapeWe all know savers have had it tough over the past few years. Low interest rates, pushed even lower by Government initiatives to help the mortgage market and relatively high inflation, have all combined to make it almost impossible for savers to get a ‘real return’ on their cash. It’s nearly always been the case that savers will get a better rate of interest the longer they are prepared to tie up their savings; a ...

Light at the end of the tunnel for savers as inflation drops sharply

Inflation RateNew figures have shown the rate of inflation dropped sharply last month. The data released today by the Office for National Statistics (ONS), shows the rate of inflation in October slowed dramatically to 2.2%, from 2.7% in the previous month. The sharp fall takes the rate of inflation to its lowest level for a year and will allow the Bank of England, who is targeted to keep inflation at 2%, a small sigh of relief....