With all the recent news regarding the FFL from Chancellor Osborne and the drop in interest rates on savings accounts from banks, people who have savings are looking for alternative options where their interest rates are better.

There are many people who rely on the interest and monthly dividends from their savings for their livelihood, with the decrease in rates and the NS&I stating that they are not going to be putting their index-linked certificates on sale for 2013 – 21014 there is little hope left for these people to be able to earn enough each month with the tax rates.
With the interest rates on shares being more appealing than cash, there are many who have started to trade on the stock market. People who have always been interested in the stock market but have always been scared of the risks involved are choosing to take the risk for the better interest rates.
Now is the right time to open some investments and make use of the ISA annual allowance, which is free of capital gains and income tax.
This article goes onto explain the most effective approach for first time investors and what considerations one should bear in mind. An interesting read, especially if you have savings which are affected by the decreased interest rates.
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