High street bank savings are set to shrink in real terms because of a "toxic combination" of low interest rates and rising inflation, according to Octopus Choice.
Work by the peer-to-peer lending platform has shown £10,000 deposited today in an average one-year fixed-term savings account paying 0.74% would be worth £9,933 in real money terms when withdrawn a year...
Our regular video series returns
80% outperformed index
Rough night for main parties
8% “unlikely to be enough”
Busy month for VCTs