Abbey Super Monthly Saver beats inflation

With news out today that RPI has hit new heights at five per cent savers have to think outside the box in order to make any real return (when taking in to account tax and inflation).

Savers now need to earn at least 6.25 per cent for basic rate taxpayers and 8.33 per cent for high rate taxpayers when looking at RPI (Retail Price Index). With the Super Monthly Saver 2 from Abbey savers can receive 10 per cent gross on their savings providing they take out a protection plan, regular investment or pension.

Reza Attar-Zadeh, Director of Savings and Investments at Abbey, said: "With inflation continuing to climb savers need to look at all available savings options to ensure they're making the most of their money. With the Super Monthly Saver even higher rate taxpayers can continue to make a real return.”