With bank accounts and conventional savings accounts often paying negligible amounts of interest, it’s more important than ever to ensure savings deliver a respectable rate of return. Leaving money in a typical current account can actually see its value deteriorate, as real-world prices increase faster than any interest is accumulated.
The current array of savings and investment vehicles can seem bewildering. Savings accounts guarantee deposits but deliver modest returns, while investments offer potential of rewards at the risk of getting back less than the original investment. Fortunately, the Select Investment Managers team are familiar with today’s array of ISAs, bonds and other savings/investment options.
Our recommendations are based on each client’s personal circumstances and preferences. Decisions about where to place savings can be influenced by a number of factors, including: