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Scammers are yet again targeting hard-up savers looking for a better return on their money by impersonating legitimate banks, with victims losing hundreds of millions of pounds since March. American bank JP Morgan Chase has once again been impersonated by fraudsters, who have pretended to be a little-known investment arm of the giant in an … Read more
Inflation hits a five-year low but just 11 savings accounts offered by Britain’s seven biggest banks pay at least 0.2% after slashing rates to the bone There are now 661 inflation-matching accounts after the CPI fell to 0.2% Just 11 of these are offered by Britain’s biggest banks Only 1 out of 87 easy-access deals … Read more
Falling savings rates and rising inflation mean 100 fewer accounts beat CPI this month as the ONS reveals it ticked higher for first time this year Inflation ticks up to 0.6% in June compared to 0.5% in May Coupled with continued cuts to savings rates – 450 accounts now beat it This is likely to … Read more
Savings bloodbath! Returns for savers are slashed as soaring inflation wipes out paltry interest rates and four of the best accounts disappear Last month 438 savings accounts beat inflation, with the CPI at 1.3% However the announced rise in inflation to 1.8% has seen this fall to 50 This is the lowest number of inflation-beating … Read more