Best savings accounts that offer above inflation rates [Yahoo! Finance]
PARAGON FINCL SLTNS INC (PGNN)
Company Research
Source: Yahoo! Finance
After years of low rates, high-yield savings accounts are having a moment as the Bank of England has kept interest rates at a 16-year high of 5.25% . While homeowners face higher mortgages, there is a silver lining in higher borrowing costs as consumers can now find UK savings accounts that offer more than inflation. The UK rate of inflation unexpectedly remained unchanged at 4% in January. Savers should make sure they shop around to find the best deals and check what rate they are on — as they could still be sitting on a product that does not beat inflation. The main factor you should be aware when choosing a savings account is the difference between an easy access or fixed term. Read more: How to make the most out of your bank and savings accounts In a nutshell, easy access accounts allow you to access your money when you need it. Fixed term, as the name implies, are accounts where you can't access your cash for the duration of the deal. They usually offer better rates bu
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