Saving for a rainy day? Well lets hope you have a rather large umbrella!
With the financial storms that are whirling around the globe right now it’s hard to imagine who could possibly be getting a good return on their money right now with interest rates being so low.
However, depositing money in a savings account and hoping for better rates of interest one day isn’t the only option on the cards, and the best time to buy is always when the markets are low.
As more and more people become disenchanted with what was previously perceived to be ‘safe banks’ with low interest rates, the number of short, medium and long term investment options, both with and without tax relief has grown.
With new ISAs, an increased ISA allowance and new savings schemes available, an MOT of your savings strategy is just what the Doctor ordered in these changing times.