Inflation is at a 19-year high meaning virtually every savings account would fail to keep pace with the cost of living were prices to continue rising at this rate.
Lenders have increased rates on small loans by two-and-a-half fold since the credit crunch took hold despite interest rates dropping to their lowest-ever level in that time, research by MoneySavingExpert.com reveals.
The pound is still at low rates against the Euro (£1 = €1.11) and the US Dollar (£1 = $1.50) and pundits predict it isn't going to get much better, though of course that's no guarantee.