Saffron Building Society has launched a market leading bond that links the interest you receive to changes in the rate of inflation.
The brilliantly named Inflation Buster Bond currently offers a rate of 6.80% gross pa and works by tracking movements in the Retail Price Index (RPI), which measures how the price of goods and services change over time.
The rate you receive is set at 2% above the rate of RPI and will be reviewed every three months, meaning any changes will be passed on to you quickly.
At least £500 is needed to open the bond but with no withdrawals being allowed until the bond matures, it's vital you can live without your money for two years.
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