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The Independent UK

Business

Karl Matchett

Best savings accounts in July to earn on your money before expected interest rates cut this summer

Interest Rates Inflation

Earning as high an interest rate as possible on your money is always the ideal situation, but it becomes even more important when inflation is running high, as it is in the UK right now.

The value of cash is eaten away by inflation, so one way to protect your overall wealth is to make sure your savings are earning a greater rate whenever possible - right now, that means at least 3.5 per cent.

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