Choosing The Best Saving Account

Investors were given a best saving account glimmer of hope for 2014, with dozens of accounts at a fixed rate now offer a return above inflation as the cost of living in a period of four years under the hollow.The latest figures show inflation at 2.1%.

Compared to 2.2 % last month. That means there are 51 accounts that keep their money growing in real terms , compared with three in best saving account the beginning of the year, according to analyst Money fact: 27 make fixed rate bonds and 24 cash Visas , but only if you tie your money for at least three years.

- the better best saving account.

To beat the taxpayer base inflation rate have to earn more than 2.63% . Higher rate taxpayers, however, must earn at least 3.5% after taxes and bonds currently pay enough seven years. "Taxpayers will find basic rate of inflation beater tenders launched last week Virgin Money and convert Leeds company offering 3% for five years," best saving account says Rachel Springdale of Moneyfacts.co.uk . " However, they can be beaten by other offerings such as the market leader in Secure Trust Bank 3.21 % for five , though this has a minimum deposit of w 1,000.

For best saving account taxpayers in higher rates than try to fight the rising cost of living, money for so long.Andrew Haggler, finance expert for deals Honeycombs recommends not exceeding two years, so it can be moved when the rates go up best saving account.

There is a lot of noise by increasing the funding rates for loan scheme will end on loans to households next year. The difference in rates between two and three years is not huge deals and if you have a lot of money best saving account, it will not make a big difference in the amount you want. Other recent deals include Shaw brook Bank market leading two -year fixed bond paying 2.4%, and placed at the head of the best -buy tables of this term, and its three-year fixed rate bond paying 2 65 %.

First Save your best saving account pay 2.35% two-year bond, while for species ISA National Counties building society is paying 2.1 % revenue two years. Virgin Money pays 2.4 % for three years and accept transfers.

Springdale expected rates of gradual recovery in the coming years . especially if banks do not yet have the arrangement, the government gave them loans to best saving account finance.