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Evening Standard
Evening Standard
Vicky Shaw

Savers warned about ‘leaking bucket’ accounts that may leave them worse off

Moneyfacts Adam French Inflation
Moneyfacts said there is a big gap between average and ‘best buy’ savings accounts (Nick Ansell/PA) - (PA Archive)

Some savers have potentially lost around 19p per £1 saved in real terms since 2020, due to the eroding impacts of inflation outpacing savings rates, according to analysis.

Even those putting their money away into the most competitive cash savings deals may have seen the real value of their pots decrease, according to calculations made for the journal Interest from Moneyfacts.

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