Act now as savings rates beat inflation for the first time since 2021

The drop in inflation to 4.6% means your savings can now grow at a faster rate than that of goods and services. But will these inflation-busting rates stick around?

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(Image credit: Sakorn Sukkasemsakorn)

While the best savings deals have reached a 15-year high and we are now seeing inflation-busting rates, you will need to act fast to bag the top rates as MoneyWeek data shows savings deals might have reached their peak

Inflation has fallen sharply to 4.6%, meaning hundreds of savings accounts now beat the cost of living for the first time in two years.

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Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.