Shopping around for a better cash ISA return


This 719 word blog post considers new research on the failure of many savers to shop around for more competitive cash ISA rates. Includes some tips if you are transferring your cash ISA and an expert comment from Paul Sonabend, Executive Chairman at Relendex. Written on 8th March 2019.

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Article preview: Are you missing out on investment returns by leaving your money in cash? It’s a tricky question to answer. Unlike cash, when you invest money, its value can go down as well as up. The higher potential returns you can get from investments, compared with interest on cash, is the result of placing your capital at risk. In the current low-interest rate environment, it’s only natural that savers are questioning the returns they are currently receiving on their cash holdings. Moving from cash to investments is not a decision to take lightly, and professional advice should be sought first.