WEBVTT

NOTE recognizability 0.880

NOTE language en-us

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Ultimately is the difference between inflation and interest

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rates just pretty bad news feel savings festival

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gas eighties pretty bad knees unfortunately and if the rate of growth

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on your savings doesn't match all-out do the right inflation

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this means you're money is going to be using value in real terms so,

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...put that in context if inflation is three percent, for example,

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something they used to cost ten...will now cost ten pounds the

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city and he was saving for...item if you have ten...a savings account

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...savings account...any paying...your savings only going to be worth ten pounds

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...a penny so you...near enough to keep up with the increase in prices on things

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you want to buy and see...examples based on ten quit if you extrapolate

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that how that's really going to squeeze

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you'll purchasing our the reading about...about it is

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that at the moment there is actually very little you can do about it the general rule of thumb

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is you want to be looking for a for savings account with the rate is at least but at the moment it

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would be two-point-five percent because that is where and inflation...very

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...there is no account on the market right now that can even come close to

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the highest you can get at the moment is just one

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point six cent and to get that you need to be in a position to document

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...for five years because it's on a five-year fixed account offered by united...