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today in an average one-year fixed-term savings account paying 0.74% would be worth £9,933 in real money terms when withdrawn a year...
Increasing choice and competition
Concerned about 'FANG' valuations
Screens now device-responsive
Margins remain 'thin'
First downgrade since 1989