The new year has already brought some turbulence for British consumers, with mortgage rates creeping up and some savings accounts seeing their appeal lowered - despite the Bank of England (BoE) voting to hold interest rates at 3.75 per cent.
With inflation still running well above 3 per cent and not likely to come down to targeted 2 per cent levels until later in the year, it remains important for savers to ensure their cash is in an account earning them a good amount of interest, thereby avoiding losing out on buying power over the long term as inflation takes its effect.
