Savers face uphill battle against inflation

HUNDREDS of thousands of savers eagerly awaiting today’s SSIA bonuses face seeing their investments dwindle in the future, according to new figures.

A survey of top-rate savings accounts published today by the Financial Regulator shows savers will be unable to find a single account which beats the current 5.1% rate of inflation.

Consumers wanting to continue to invest their nest-egg instead of spending the bumper sum face the prospect of seeing the real value of their SSIA sums and bonuses falling over time due to inflation.