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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

UK savers should pick accounts beating rising cost of living while they can

Piggy banks
Returns on fixed-rate savings accounts have been falling but variable rate deals have remained unchanged. Photograph: PM Images/Getty Images

This week’s news that inflation stayed steady at 4% in January means it is still possible to put your money in a savings account with an interest rate that beats the rising cost of living.

Returns on fixed-rate savings accounts have been falling, but, so far, variable rate deals have remained unchanged.

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