In the wake of interest rate cuts and rising inflation, FundCalibre shares seven fund options reluctant investors may like to consider as they struggle to build their savings...
Saving money is not easy in the current environment where interest rates are at long-time lows while inflation - encouraged by a falling value of the pound - is edging up. Bank of England governor Mark Carney cut the Bank's interest rate to 0.25% earlier this month saying he expected high street banks to follow suit. Indeed, first banks have already responded: Santander cut rates on its 123 account from 3% to 1.5% earlier this week. Carney said he expected savers to turn towards riskier assets to compensate for the fall in earnings. But which funds should reluctant investors turn t...
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