Time To Review Your Savings.



Posted on: 21st November 2014

Sometimes life can be hard to keep up with. Things change week by week, month on month and our priorities can suddenly be very different than they were a year ago.

So it’s always good to keep your savings and investments in mind to ensure they are changing to suit you.

If your life has changed since you last revised your long-term objectives, then it may be time to sit down and make some new decisions.

What we know.

The stock market has been volatile recently and rates have been affected by global economic issues. It’s a bad time for savers with low interest rates on most current accounts.

We can only hope that the Bank of England will start to up the base rate from 5p as we move in to 2015, it still leaves a cloud of uncertainty in the air.

Some are predicting that the interest rate will only reach 1p at the very end of 2015. Although Bank Of England Governor Mark Carney has predicted that the base rate will reach 2.5p by 2017.

This is a far cry from the 5p interest levels from 2008.

How to make your money work for you.

That little nest egg you’ve been channelling for your future, probably isn’t growing very fast if it’s banking on your general bank interest rates. Certainly not fast enough for you. So it’s time to think about other investments.

The first step is to get some personal advice. Haven IFA offers free consultations for people who will benefit from one on one financial support. We can offer financial review to look at your circumstances and your financial objectives and offer some solutions for you.

For personal financial advice contact us now on 0161 495 9340 or email us on enquiry@havenifa.co.uk.