Challenger bank savings rates thrash traditional high street banks

December 16, 2016 | 4years | Savings News

With inflation at 1.2% and dismal savings rates on offer from high street banks, perhaps it's time to go with one of the challengers.

With inflation climbing to 1.2% in November it's vital you chase the top rates on savings accounts to ensure the value of your cash isn't eroded.

However, those looking for a better deal should stay away from high street banks and try a challenger bank instead, according to new research.

MoneySuperMarket has looked at the best deals going on a range of savings products, and the figures reveal that challenger banks offer significantly better rates.

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