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Prime Latest News

October 2017

Glen Callow

17 Oct 2017

Inflation beats cash ISA savers

There is not single cash ISA account paying interest at more than the latest UK inflation rate of 2.9 per cent, says the Mail. The best accounts pay little over 1 per cent, which means savers are 1.9% per cent worse off in real terms at the end of a year. A year ago, when inflation was 0.6 per cent, it was easy to get a positive return from cash ISAs.