It is no wonder that a considerable number of people are turning to asset management specialists to help them optimise their savings and investments. For the uninitiated, this process can be daunting and market conditions remain tough. Meanwhile, making use of the more traditional investment options, such as regular savings accounts, may not offer impressive returns at present.Indeed, a recent report in the Daily Telegraph highlighted the fact that a number of banks and building societies have withdrawn their market-leading offers amid fears that interest rates could sink even lower.
Last month, International Monetary Fund head Christine Lagarde suggested that the Bank of England should consider lowering its base rate to zero if the economy didn’t start to pick up. In the wake of this, four leading savings accounts were withdrawn and replaced by lower-paying alternatives.
According to the publication, some of the “most dramatic” changes took place in fixed-rate accounts.
It went on to note that while a “handful” of accounts are paying attractive rates, most savers are earning “next to nothing” on their savings. However, they could boost their returns by shifting their cash to better accounts, it claimed.
During periods of economic difficulty, it is particularly important for investors to be creative and to explore the range of options open to them. While going this alone can be a daunting prospect, there is plenty of expert advice and guidance available.
Whether people want to make the most of fixed income investments or anything else, they should find it easy to access the help they need.
Bio: This guest blog post is written by Webmaster of killik.com, offering Asset management and Financial planning services services!
