Savers squeezed as surging living costs wipe out returns - NewsBreak
By Vivian in Business
Updated 2 years ago
The buying power of savers' cash is being eroded by inflation, with not a single standard savings account on the market able beat surging living costs, according to a financial information website. The rate of Consumer Prices Index (CPI) inflation has accelerated to a near-decade high of 4.2%. A year...