Answer: less than today with the money in this account
Explanation:
If your savings are accruing at a rate of 1% per year yet inflation is increasing at 2%, it means that after a year you can only buy less than you could the year before.
Inflation refers to the general rise in prices of goods and services and if it is increasing at a faster rate than your savings, it would follow logically that you can only buy less than you could before. In this case you would be able to buy 1%(2% - 1%) less than you could before.