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Where to put your cash while savings rates are rock-bottom

Discussion in 'Market News' started by Lily, Apr 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    For those looking glumly at their savings account statements, there are plenty of better returns to be had elsewhere

    As interest rates languish at the lowest level in living memory, there is little hope for savers looking on in disappointment at their bank statements. The average savings account now pays a dismal 0.61%, according to Moneyfacts.co.uk, and the firm recorded just 12 rate rises in February – and 235 cuts.

    For the many people trying to build on their deposits, there are other options available – some of which are potentially more rewarding alternatives, but carry with them risks alongside the possibility of better returns than the banks.

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