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Interest rates: Britons warned they may be losing out through savings accounts – act now

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While cash savings are often viewed as the safe option, it is likely people will need to broaden their horizons.

Only 14 percent of Britons asked said they were currently investing in stocks and shares – but this is an option where the real-term value of savings has the greatest chance of increasing ahead of inflation.

Individuals should be aware that investing does come with risks, and value could go up or down. 

Alternative options were further explored by Mr Wallis, who offered potential solutions to British savers.



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