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IS THE BANK REALLY THE BEST PLACE FOR YOUR SAVINGS
We all know that saving money can be a challenge, hence why we dedicate entire budgets to the purpose! Yet, when it actually comes to putting those savings somewhere safe, many of us are entirely unaware of our options.
Most commonly, of course, you’ll consider piling your saved money straight back into the bank. In the UK, especially, this is our saving go-to. With the right account, you could even enjoy small amounts of interest on your money this way.
But, that doesn’t negate the fact that your savings could serve you better if you entertained alternatives like bonds, trading, and even property. For proof of why you should, consider the following downfalls of bank-based saving pots.