Peer-To-Peer gaining traction
To beat inflation at 2%, basic rate taxpayers need to earn at least 2.5% on their savings - a rate offered only on fixed-rate bonds locking cash up for at least three years.
Higher-rate taxpayers need to earn at least 3.3%, and only three savings accounts currently achieve the latter, all of them fixed for five years or more.
- February 9, 2014