Last updated: 18 April 2024 at 14:00
Over 1,300 savings accounts can better inflation – we round up the top easy access, fixed and notice rates.
With the Consumer Price Index (CPI) falling to 3.2% in the year to March, savers will be relieved there are currently over 1,300 savings accounts which can better the rate of inflation.
This is a stark contrast to the same time last year when no account could better a rampant inflation rate of 10.1% (March 2023).
Reacting to the news, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, emphasised it’s still important for consumers to ensure they’re getting decent returns on their savings, as “inflation eats away at savers’ hard-earned cash”.
“Switching accounts is essential for any saver who finds their loyalty is not being rewarded,” Springall added.
“Considering the more unfamiliar brands is wise but it’s important consumers take time to review any restrictive criteria an account can impose to ensure it works for them.”
Below, we’ve highlighted and provided more details on the best easy access, fixed and notice savings rates currently available. These products can be opened by new customers with a deposit of up to £10,000. However, higher rates may be available to existing customers or those who have a larger initial investment.
For a comprehensive overview of the savings market, visit our charts.
