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.
The value of having expat regular savings has been underlined by a recent survey which showed that the typical 55-year-old borrows £6,785 against the value of their home in order to take a holiday, with others borrowing an average of £58,850 in order to buy a holiday property.
In the first quarter of 2017, Spain’s Gross Domestic Product (GPD) grew by 0.8 per cent, according to preliminary figures from the Spanish Statistical Institute (INE), which was marginally higher than the previous three months’ growth of 0.7 per cent.