Best savings rates: Top deals go up in smoke after Bank of England base rate cut

Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more

Number of inflation-beating savings deals falls 90% after sharp jump in CPI

Savings bloodbath! Returns for savers are slashed as soaring inflation wipes out paltry interest rates and four of the best accounts disappear Last month 438 savings accounts beat inflation, with the CPI at 1.3% However the announced rise in inflation to 1.8% has seen this fall to 50 This is the lowest number of inflation-beating … Read more