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from The Great Debate UK:

Rubbish rates – what is a saver to do?

-Rachel Mason is PR manager at Fair Investment Company. The opinions expressed are her own.-

The base rate is going to be stuck at 0.5 percent for years to come, according to experts, so where does that leave savers?

Yes, the base rate needs to be low for any real economic recovery, and many mortgage holders can't believe their luck, with many seeing their payments plummet. But there is always a flipside, and with a low base rate comes low savings rates.

With inflation up at 5 percent (as measured by the Retail Prices Index) it is impossible to get a savings account that even maintains the value of your money, let alone increases it, so what should savers do in such a low rate environment?

Let’s talk about debts, baby


Money matters are climbing the list of the talks parents feel they must have with their children: the subjects of debt and saving for the future are now deemed to be more important than educating our offspring on sexually transmitted diseases (STDs), racism or religion, research by Engage Mutual Assurance shows.

Debt is the most common financial topic of parental education (64 percent) followed by saving for the future (62 percent). That ranks them fifth and sixth in the top 10 topics for parental “chats”, ahead of racism (58 percent), illness and death (53 percent) and STDs (52 percent). The only “facts of life” considered more important than these money matters in children’s at-home education are drugs and alcohol (78 percent), personal hygiene (74 percent), talking to strangers (73 percent) and the “birds and the bees” (71 percent).