Interest rates have rocketed from just 0.1% to 5.25% over the past 18 months or so, which in turn has boosted the returns on savings rates. However, while cash has its attractions, there’s also a very important pitfall to be aware of. Kyle is joined by Myron Jobson, senior personal finance analyst at interactive investor, to discuss why cash is not the risk-free option that many assume, and why those who stay invested over long time periods have a better chance of outstripping inflation.
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On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit https://www.ii.co.uk/stock-market-news.
Kyle Caldwell is collectives editor at interactive investor.
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