Savers need a balancing act to beat inflation
(The Guardian Money News)

Savings rates have never been so low, but with a spread of sensible investments your portfolio can still deliver good returnsAs if savers needed to be told, it is a miserable time for anyone hoping to make money from their nest egg. With rates in the doldrums, the news last week that inflation has reached its highest point in the past two-and-a-half years means many cash savers are now losing money in real terms.Added to that, having a punt on premium bonds, the UK´s favourite flutter, is also set to become less appealing. In May the proportion of the total amount invested which is given out in prizes will be reduced, resulting in fewer big prizes. National Savings & Investments (NS&I) also announced it was cutting rates on three other products. Continue reading...