Best savings accounts that offer above-inflation rates
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
High-Yield Savings Accounts: Amid the cost of living crisis, UK households are encouraged to explore high-yield savings accounts as the Bank of England maintains interest rates at 5%, allowing savers to find options that exceed inflation rates currently at 2.2%.
Types of Savings Accounts: Consumers should consider the differences between easy-access and fixed-term savings accounts, with various banks offering competitive rates; for instance, Ulster Bank leads with a 5.20% easy-access account, while fixed-rate accounts can offer up to 5.30%.
Analyst Views on BCS
About BCS
Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, UK Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused on the partnership market, as well as an online deposit franchise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
