Crowdfunding Blog

The Great Savings Robbery

In 2014, gross interest rates on savings are half what they were fifty years ago - 3.50 per cent in 1964, compared to only 1.75 per cent in 2014. But the problem is inflation. In April, Consumer Price (CPI) inflation was up 1.8 per cent year-on-year, and the Retail Price Index (RPI) was higher, at 2.5 per cent.