Avoiding the savings shortfall

At Continuum, we are always keen on finding ways to make our clients’ money work harder.  In the current climate, with low interest rates now the new normal, it is more important than ever to get our help to get the best return on your money.

What about a savings account?

Savings accounts from banks and building societies used to be rewarding solutions for small savers. You paid in when you had spare cash, drew it out when you needed to cover an expense, and watched the interest your cash earned mount up.

The trouble is that with current low rates, your interest will hardly seem to mount up at all, and the interest it does make could well be swallowed up by inflation.

What about savings bonds?

For a higher rate, you might consider a savings bond. These are term saving plans offering a fixed rate of interest over a set term, which can be anything from between six months and five years. They keep your cash safe from temptation because you cannot touch it until the term is up.

The longer you lock away your money, the better the interest rate you should get. But there is another snag. Most savings bonds require a one-off lump sum to open.

What can you do about getting a better deal?

It looks as though ordinary savings simply cannot provide worthwhile returns these days, and if you want your money to work harder, you need an expert on your side.

At Continuum we have the expertise you need, and a determination to put it to work for you, as part of a personalised financial solution.

We treat cash savings as just one of the ways to build your wealth. We can help you manage your savings using latest cash flow technology, and help you make them just one of the assets in a wealth-generating portfolio.

We can help you see the best rates available at any time with our cash calculator. We can help you start to build your money management knowledge – and your wealth – with our guide to savings. Downloading our free guide can help you build your money management knowledge – and show you new ways to get your money working for you.

But the most effective way of all to get the help you need is to call us and get a Continuum Adviser working with you on your own wealth creation strategy.

They will be able provide a roadmap for building your wealth based around your needs – and tailored to your circumstances. It may involve utilising your available ISA allowance – which means your savings have the potential to grow tax efficiently. It could mean taking your first step into investment, where your cash can potentially grow by using it to buy shares in collective investments or bonds, however there is an increased risk of capital loss.

It can all be much easier than you think, with expert personal help and tools like our personal finance portfolio, which will show exactly how your cash is performing

Not only can your adviser find the best way to get your savings working harder for you, the chances are that they can provide answers for all your financial questions, from insurance protection to retirement.

To find out more about our service – and to start making the most of your money, call us now.

The Financial Conduct Authority does not regulate deposit accounts.

Equity investments do not afford the same capital security as deposit accounts

The value of investments can fall as well as rise your capital is at risk, you may get back less than you invested.

The information contained in this article is based on the opinion of Continuum and does not constitute financial advice or a recommendation to suitable investment strategy, you should seek independent financial advice before embarking on any course of action.