You can’t turn on the news at the moment without being confronted by doom and gloom.
The aftermath of the Coronavirus and Russia’s illegal invasion of Ukraine has led to the greatest rise in inflation in over 40 years and then there’s the ever-changing UK political landscape.
It is certainly a difficult time for many people in the UK, but amongst the doom and gloom there is a small ray of light. In a bid to tame UK inflation the Bank of England has been increasing interest rates. After so many years of rock bottom interest rates, this act has finally provided some welcome news for UK savers. Yet with inflation roaring, money in savings is shrinking in real terms, so it’s doubly important to maximise every penny to mitigate the impact.
At Equilibrium, we are always looking to improve the services that we provide to our clients. As a result of increasing interest rates, we want to ensure that our clients are making the most out of their cash savings. To make this a reality, we have decided to partner with Insignis, an innovative FCA regulated, cash management solution run by CEO Giles Hutson (ex-Meryl Lynch and Morgan Stanley managing director).
*Interest rates quoted are correct at the time of writing but will be subject to change.
** Funds within a fixed-term account cannot be accessed before the end of the term therefore please consider short-term capital requirements beforehand.
This blog is intended as an informative piece and does not construe advice. If you have any further questions, please don’t hesitate to get in touch with us on 0808 156 1176 or by reaching out to your usual Equilibrium contact.
