Article by Ben Barlow
While it was only to be expected that savings rates in the UK would fall as the uncertainty surrounding Brexit continued to rage, the extent of the decline has surprised even the most seasoned experts. The rising rate of savings in nations such as France provide a stark contrast with this, with the RCI Bank now offering returns of 1.10% (as opposed to the Bank of England’s base rate of 0.25%).
With this in mind, older savers and those approaching retirement may need to consider seeking out more creative savings alternatives in the current climate. The question that remains, of course, is which vehicles can can deliver the best returns, while also helping you to achieve the ideal balance between risk and reward?
3 Alternative (and Viable) Investment...