From: Alex 
Newsgroups: uk.finance
Subject: Re: Ind: Beware the molten menace of inflation
Date: Tue, 15 Feb 2005 21:47:39 +0000

criticaldensity wrote:
> On Mon, 14 Feb 2005 08:29:07 +0000, Alex wrote:
> 
> 
>>Biwah wrote:
>>
>>>Beware the molten menace of inflation
>>>Even a small increase can leave savers out of pocket, writes Sam Dunn, so
>>>make sure your account offers 'real' returns
>>
>>>Even if you don't work, or earn less than £4,745, and pay no tax at all,
>>>you'll still need a savings account giving you at least 2.5 per cent to
>>>"break even", warns Paul Ilott at Bates.
>>
>>Then it's a good job that most savings accounts give you around 5% then, 
>>isn't it?
> 
> 
> I'm not convinced that is true. Walking into a building society recently I
> was shocked at the number of accounts giving minimal rates.
> 
> For instance see
> 
> http://www.britannia.co.uk/c_savings/product/rates/current/savingsacc.html
> 
> One of those "savings" accounts gives 0.84%!
> 
> Of course it may be hard to get one of those accounts now, but I'm sure
> many people still have none.

Yes, it's a wonder anyone has one. Wouldn't it be better if basic 
economics and finance were taught at school, instead of, say, French?