I can't answer for others, Ace, but the savings accounts I looked at were certainly not tax-free, however the interest rate they were offering was high enough to ensure that even after tax and inflation there was a small element of growth.
That's the same as the account our savings are in, Grawrc. I'm just happy that our money is safe. Of course I'll be happier when it's safe having been moved to a different bank, lol. We've got our savings split between two different banks - for this very reason - but who knows these days who's going to go belly up overnight?!