Your money isn't really safe in the bank!
What Brits are doing to beat the savings rate slump - an article from The Mirror quotes Wealthify, an online wealth management business jointly founded by Richard Theo and RAW Capital Partners, and suggests that one simple option is to put your money into tracker funds. The article goes on to say "It isn’t exactly breaking news that savings rates are pretty terrible. And with inflation heading north again, many savers are now actually effectively losing cash in savings accounts."....."Banks and building societies should be responsible for telling their customers when their savings are at risk of losing value,” said Richard Theo, chief executive of Wealthify.