Savings: Teachers Building Society launches new account with 3.60% interest rate | Personal Finance | Finance

Rachel Springall, a finance expert at, outlined what the current saving account market looks like in light of this economic turmoil.

She explained: “Inflation continues to take its toll on savers’ cash, as not one standard savings account can beat it.

“However, savers should not be discouraged to compare and should switch deals if they can, as they could miss out on a better return if they become apathetic. Easy access accounts remain a firm favourite among savers, but it’s disappointing to see many of the biggest high street banks are paying very little to their loyal customers.

“Challenger banks and building societies are offering some of the best rates out there, so it is always worth considering the more unfamiliar brands.”

Source link

Check Also

Top business opportunities for SMEs in 2023 – like returning clients as economy stabilises | City & Business | Finance

Small business owners are no longer judging their own opportunities for growth by the demise …