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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 s ee 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.

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Is it time to update your savings and investments?

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According to the Daily Mail Savers have £450 billion stuck in dinosaur savings and investment plans, millions are stuck with policies bought decades ago and which are no longer fit for purpose. Today, the returns they offer are rotten. Could this be you? Have you just let your financial planning take a back seat?  Well now is the time to act and make your money work for you.

Savings accounts and cash ISA´s 

Banks and building societies across the UK and the Banks in Spain have again slashed the interest rates they are offering on savings accounts and cash Isa´s , Lloyds, Halifax , Sabadell to name just a few.  The rates they are offering now are between 0% and if you are very lucky 0.75%.

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