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Britons stash over £1bn at home as interest rates on savings dwindle

The most popular reasons the 2,000 people surveyed gave for keeping cash at home include being able to see it, using it for everyday spending, and convenience.  Many are unhappy with the interest they were making on other savings and a whopping 17 per cent said their savings were generating no interest at all.

Piggy banks are a great starting point for children learning the basics of saving money, but there is a clear opportunity for adults to gather their stockpiles together and make their money work harder for them.  Whether it is under the mattress, in a bottle, or in a sock drawer, that money could be contributing towards your savings goals.

With interest rates so poor people just do not know where to turn to invest their hard earned cash and give them some sort of genuine return.  This is where I can help!  If you wish to see your money begin to give you an income of 5% per annum, I have a robust genuine safe investment available from a highly reputable multinational insurance organisation that will give you that.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Taking your skills to the Netherlands

Windmill in SilhouetteWhile many expats are overseas because they’ve retired, a significant number of Britons move away for work.

Taking your skills abroad can be a thrilling prospect, and, of course, where in the world you end up will greatly depend on global career opportunities, but for many Britons, the chosen destination is the Netherlands, one of Europe’s most popular expat havens when it comes to relocating for work.

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Abandoning the ‘Lottery Mentality’

Lottery ticketNearly everyone dreams of winning the lottery and sailing into their sunset years of retirement aboard a superyacht of financial freedom and security. The problem is, however, that simply buying a lottery ticket is very unlikely to result in anything other than the needless spending of your hard-earned money.

In fact, when you buy a Euromillions ticket your chances of winning the jackpot are just 1 in 139,838,160* – you are almost certainly more likely to be struck by lightning or involved in a road accident while on the way to buy your lottery ticket than of winning the jackpot.

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