Best savings accounts that offer above-inflation rates, 11 October
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 potentially earn returns above inflation, which is currently at 2.2%.
Types of Savings Accounts: Consumers should consider different types of savings accounts, including fixed-rate, easy-access, notice, and regular savings accounts, each offering varying interest rates and access conditions, with some accounts providing rates as high as 8%.
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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.
