April inflation falls: comment from Alex Beavis, LHV Bank
20 May 2026
Comment from Alex Beavis, Interim Director of Retail Banking at LHV Bank:
- Review the rates of all your bank accounts
- Don’t forget closed accounts and old savings pots which have notoriously pitiful rates
- Make sure your interest rate beats inflation
"A fall in inflation is welcome news, and the first sign in months that the pressure on household budgets may be starting to ease. But ordinary families should remain cautious about the outlook for inflation. Prices are still rising, just more slowly.
"Now is the moment for households to act. Take an hour this weekend to give your money a real spring clean. What feels like a chore could mean extra cash to help cover some outgoings. With inflation easing, the gap between a good savings rate and a bad one matters more than ever. Review all of your savings pots and bank accounts to make sure your interest rate is keeping pace, otherwise you're effectively losing money. This includes old accounts too. Don't make the mistake of thinking that your closed accounts are keeping up - providers are notorious for lumbering such accounts with pitiful interest rates.
"Falling inflation is an opportunity to take action. Small steps taken today can pay dividends in the long run, but only if households stand up for themselves and move their money away from providers who are banking on their loyalty."
