NS&I’s inflation-busting five year bonds could be the thing for you if you can afford to lock up your savings for a year without touching them.

For while they are called ‘five year certificates’, savers are only penalised y not receiving interest if they access cash before in the first year.

So these popular savings certificates are really like a cross between a one year bond and an easy access savings account.

Savers can deposit up to £15,000 and receive the annual rate of change in the Retail Prices Index as well as a fixed rate of interest that rises tantalizingly each year.

If you’re looking for a safe haven for your cash then there are few better options around.