Is 5% pa achievable?
Cash ISA and deposit rates are at an all-time low. Whilst depositors have the comfort of minimal risk, many accounts are not even paying 1%pa. There is nevertheless still a risk with deposits and that is an inflation risk. If the interest rate being paid is less than inflation the buying power of your money is falling in real terms.
We are often asked about alternatives. If you are willing to accept an element of risk, it is currently possible to achieve steady returns in the region of 5%pa in products that are designed to smooth out the highs and lows associated with other types of investment*. If you would like your money to work harder for you and would like to know more, please contact Hannah Rogers in our financial services department on (01780) 764145 or by e-mail, firstname.lastname@example.org to arrange to speak to one of our financial advisers.
* This is not a guaranteed return and the value of the investment can fall as well as rise. Investors may not get the full amount invested.