Interest charges went up once more this week, and lots of savers will see their charges boosted because of this, however rising inflation – presently 9.4% and set to go increased – is consuming away on the worth of individuals’s nest-egg money.
As central banks around the globe elevate rates of interest to defeat inflation, fears are rising of a full-blown recession. So what are you able to do now to guard your self from a possible hammer blow to your funds?
Right here we take a look at a few of the choices for safeguarding your nest-egg…