It’s hard to believe but once upon a time a 1year Fixed Term Deposit Account would earn over 10% interest. Fast forward to 2020 and some deposit accounts now charge a fee for the pleasure of holding your cash……..!
Whether its through personal current or fixed term deposit accounts, business bank accounts, self-administered or other pension contracts, if you are holding cash there may well be better and more efficient ways of using this cash. There are many different ways this can be done and a proper financial review should highlight where there are opportunities for you to improve your financial position.
Get in touch today for expert financial advice. You will be glad you did.