Where savers can still go for inflation-beating returns…

This article first appeared on Your Money. Inflation has now been above the Government's 2% target - and eating away at savers' returns - for 42 successive months. The Funding for Lending Scheme, designed to boost lending to the real economy, has depressed savings rates and it is now near impossible for cash savers to earn a real rate of return. According to MoneySupermarket.com, with inflation at 2.70% a basic rate tax payer would need a rate of 3.39% to beat inflation. A higher rate tax payer would need a rate of 4.51% and a 50% tax payer would need a rate of 5.41%. Unfortunat...