New Home Owners And Snagging Forum

Investments => Financial Markets and the economy => Topic started by: The Prophet on November 02, 2011, 10:18:32 am

Title: Inflation will reduce the real value of savings
Post by: The Prophet on November 02, 2011, 10:18:32 am

Inflation at the present rate 5.2% is eating into the real buying power of your savings.
It is essential to get the best interest rates you can.
Leaving your cash in an account with a pitiful interest rate will mean your savings will halve in real terms in just 12 years with the current rate of inflation!

Title: Re: Inflation will reduce the real value of savings
Post by: Sadie20 on November 03, 2011, 07:58:06 am

There are hardly any accounts where the interest you get is enough to beat the effects of inflation.