Hundreds of thousands of savers who opened best-buy accounts over the past two years are now earning well below the current top-paying rates, a MoneySavingExpert.com investigation shows.
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.
Most consumers would happily pay in cash to get a discount, even if they knew it would encourage criminal tax evasion, research by MoneySavingExpert.com shows.