Savers alert! Ten alternatives to low-interest deposits
With rates close to zero, there are several other options – but all come with risk
While low yielding, the beauty of deposits is that they are so risk free, particularly if you spread them around different banks.
Inflation is forecast to touch almost 1 per cent this year, but with deposits still someway south of this, your real wealth could start to diminish. And don’t expect things to change anytime soon.
“In terms of interest rate rises, we see nothing of significance in Europe for the next two years and expect a cautious approach to interest rate rises from central banks globally,” says David Sommerville, financial adviser with First Choice Financial Services.