Are your savings earning enough? Why a 3% return isn’t enough

Are your savings earning enough? Why a 3% return isn’t enough

“Following the recent events in the Middle East impacting energy prices in the UK, with a particular focus on oil, the UK inflation rate is under pressure to increase from the 3% reported back in February. 

“Subsequently, the Bank of England may likely pause on its downward moves of reducing interest rates. Therefore, we may begin to see an increase in interest rates by the end of the year. 

“For those who are relying on depositing money in the hope of an income stream or already have funds invested, it’s important to consider whether your investments are producing an interest rate of over 3% over a 5-year period to ensure that you’re staying ahead of the curve. 

“The reason we recommend getting over 3% return on your money isn’t just about inflation; fund charges from fund managers and advisors will also affect your growth.  

“As always, we recommend you review your portfolio, which in turn will ensure that you’re well-positioned and invested for the medium-long term, as well as establishing a portfolio that returns real growth”. 

To find out more about how David and his team can support you with your portfolio, get in touch and book a Discovery Meeting today.