How much longer before it becomes pointless to hold onto a savings account?

Darren Cook, of personal finance “If inflation rises to 3.8 per cent, all savings accounts will effectively be totally obsolete. “Savers have to fight hard to get within an arms length just to break even and avoid losing money.” telegraph.co.uk/finance/personalfinance/... Asked by Lychnobite 16 months ago Similar questions: longer pointless hold savings account Business > Financial Services.

Similar questions: longer pointless hold savings account.

2 Well, with banks paying half a percent interest, you might as well stuff your money in your mattress.

Well, with banks paying half a percent interest, you might as well stuff your money in your mattress.

3 OTOH, higher rates of inflation aren't so bad for those of us who are in hock because of medical crises or other bad breaks.

OTOH, higher rates of inflation aren't so bad for those of us who are in hock because of medical crises or other bad breaks.

4 Well, you would need a lot HIGHER rate of inflation to put a dent in your bills.

Well, you would need a lot HIGHER rate of inflation to put a dent in your bills.

" "what's the best high yield savings account?" "Okkkkkk. So, one of the financial institutions I use offers a savings account and various CDs..." "Can I be sure $$ from a local savings account moved to an 'online' account is safe and will keep the good interest rate? " "If all the financial markets are going to collapse, where can you put your savings?" "What exactly is a health savings account and how does it work?

" "What's a money market account? Is it similar to an online savings account?" "What is the best savings account? Which bank?

" "What is the best online savings account?

Okkkkkk. So, one of the financial institutions I use offers a savings account and various CDs...

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.