Inflation is a measure of how prices are increasing and tells you how much your money might be worth in the future. If the rate of inflation is higher than the rate of interest you earn on your savings, your money is losing value in real terms.
Use this calculator to understand the impact of inflation on the value of cash savings over time.
Remember the value of investments and any income can fall as well as rise so you could get back less than you invest. Tax rules can change and the value of any benefits depend on your circumstances.