Perhaps you have some money to set aside, or are planning to save for a major event. We can give you independent savings and investment advice to help your money work to your best advantage.
There’s a difference between savings and investments – and there are two key questions to help you decide which is right for you:
- How do you feel about risk? Returns on savings – eg, interest on a savings account or ISA – are more dependable, and the funds you pay into a savings account are secure (subject to the terms of the Financial Services Compensation Scheme). But the returns are typically lower than with investments.
While investments typically give higher returns, their performance is dependent on the markets, which may go down as well as up – so there’s a chance you may get back less than you put in, especially in the short-term.
- How quickly do you need to access your money? Savings can usually be accessed quickly, often without penalty. Investments tend to be a longer-term decision, and you may incur penalties if you withdraw funds too soon.
It’s important to feel comfortable with your decision – and what’s right for someone else may not be right for you.
By talking with you, and searching the whole market, our independent advisers can find the savings or investment plan that will best suit you and your needs.
Get in touch with us today for independent savings and investment advice.