Evening Standard
UK · 57 mins ago
✦ 72◉ Centre
Savers warned about ‘leaking bucket’ accounts that may leave them worse off
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Accuracy 72/100
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◉ Centre ✓ Fair headline
Savers are warned that inflation can erode the real value of savings held in accounts with low interest rates, with Moneyfacts highlighting how nominal gains may be offset by rising costs.
Savers warned about ‘leaking bucket’ accounts that may leave them worse off
People have have found their progress in building savings pots undermined by the eroding impacts of inflation, Moneyfacts said.
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