Interest rates remain at record lows – how could you make the most of your savings?

Interest rates remain at 0.5 per cent and as the economy remains sluggish, there are no signs of an increase on the cards. But while interest rates remain at rock bottom, how could you make the most of your savings.

  • Use your ISA allowance – no income tax liability means that the real return on any money saved in an ISA is higher
  • Shop around – there are so many savings accounts available it is always best to compare what is available to make sure you are getting the best value
  • Consider whether you need a fixed rate or instant access – the difference in the rate you receive can be considerable