Stop your savings quietly losing value
Updated
Inflation is the rate at which prices rise. If your savings earn 1% but prices rise 3%, your money buys less each year. It's losing value even though the balance looks the same.
Check your rate
rates differ widely between accounts, and an older account can pay far less than a newer one with the same access. You can compare your own rate with the rates published today.
Opening a new account often takes about ten minutes. What a higher rate is worth depends on your balance and the rates at the time, and a rate can change after you open the account.
Want this for your own money?
The savings check is free now, and the full app opens soon.
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What Blooom does for you here
Blooom flags when your savings rate slips behind what's freely available, so inflation doesn't quietly erode your cash.
With a free account, Blooom keeps your figures and dates in one place. It's free.
This guide is general financial education, not personal advice. Always do your own research, and consider speaking to a regulated adviser for your specific circumstances.
Keep your figures for next time.
Save your figures to use them in relevant calculators.
Join the waiting listCreate a free Blooom account. Blooom never asks for your bank login.