It is important to retain cash in the bank for day-to-day and rainy-day needs, but the best potential over the longer term comes from your investment portfolio, not deposits.
While the change to the interest environment since 2021 may seem to make cash deposits more attractive, we should remember the impact of inflation on these returns. If rates go down longer term, so will your returns from your cash on deposit. Likewise, these now higher rates should not distract us from the longer-term benefits of a well diversified portfolio, which offer far superior returns over the medium to long term.
Is your money better off in cash now? Click below to find out why this isn't necessarily the case...
Aspirion Wealth Ltd is an appointed representative of Lyncombe Consultants Limited, which is authorised and regulated by the Financial Conduct Authority.
Registered in England and Wales under number 10538338. Registered Office: Clamarpen, 17 Napier Court, Gander Lane, Barlborough, Chesterfield, Derbyshire, United Kingdom, S43 4PZ.
The information contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
The Financial Ombudsman Service is available to resolve individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.
