You might have heard of the tax trap before, but have you heard of the savings current account trap?
If not, you’re not alone. But you could’ve fallen into it unknowingly.
Around one in five UK adults we surveyed* don’t realise the value of their savings is at even more risk of being whittled down by inflation by keeping them in a current account.
We look at what the savings current account trap is, and more importantly, how to escape it.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.