Cost of ‘saver inaction’
Millions of savers think inflation will leave them better off
Despite inflation reaching its highest rate for many decades, some people in the UK are not aware of its impact on their finances. More than half of all cash savers (52%) don’t know what impact inflation will have on the real value of their cash savings over time.
Many savers don’t realise inflation is eating away at millions of pounds sitting in low-interest paying accounts. Whilst it is essential to keep some cash in the bank for an emergency fund, savers might want to consider other options to make their money work harder.
3 ways of protecting your savings from inflation: Work out how much to put aside as an easy-access emergency fund; Get the best interest rate you can on your savings; Think about investing your money or topping up your pension to beat inflation.
How to use
Ideal to generate retirement and investment planning business opportunities: Upload to your website; use content on your blog, email to clients and prospective clients, use on your social media channels. If you have previously ordered we’ll use your approved personalisation artwork, our Client Services Team will contact you to provide a high resolution artwork file (300 dpi or higher).
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