Savings: How you could boost your money as interest rates hit ‘all-time low’
Savings accounts have been rocked by the pandemic, with the Bank of England lowering its base rate to 0.1 percent back in March 2020. With the base rate remaining the same ever since, many people are becoming dissatisfied with the return they are receiving on their accounts. Highlighting interest rates as hitting an “all-time low”, experts have now suggested Britons explore an alternative approach.
Investing, they have said, could be an excellent way for Britons to boost cash savings, but many are unsure as to how to approach the matter.
Svenja Keller, Head of Wealth Planning, and Rachel Winter, Associate Investment Director, both at Killik & Co explained the issue in further detail.
They highlighted the key tips Britons can deploy when starting on their investment journey to increase the value of savings.
Ms Keller and Ms Winter said: “Before you begin your investing journey, consider your long-term and short-term objectives.
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