'Few savings accounts beating tax'

%VIRTUAL-SkimlinksPromo%Fewer than one in 10 savings accounts on the market offer returns that beat tax and inflation, a financial website said today.

Even though the Consumer Prices Index (CPI) rate of inflation fell back to 1.9% in January, Moneyfacts said there are still just 31 non-Isa accounts on the market out of a total of 627 that will negate the impact of tax and inflation.