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Savings and investments

Are you getting the most from your money? With the right financial advice, you can make sure your savings and investments add up.

Why is it important to save and invest?

You never know what life is going to throw at you, but one thing is for certain - you will need money along the way.

Why should you regularly review your savings and investments?

The main reason is so you can stay one step ahead of inflation and get the most from your money. But the most important reason is so you can be as financially secure as possible - both now and in the future.

What are your plans?

The trick to managing your savings and investments effectively is ensuring you make your money work hard to ensure you have ample funds to survive financially.

Safeguard your finances

You should always make sure you have ample money to survive on in the immediate term, whilst making wise provisions for the future.

Part of this includes setting up an (instantly accessible, or 30 days' notice, at the very most) emergency fund to deal with unforeseen circumstances, like emergency dental treatment or urgent repairs to your car.

What are your investment options?

An Independent Financial Advisor will help you choose the risk level that you are most comfortable with - low, medium, or high risk - because at the end of the day, it's your money, so you need to feel comfortable with how you invest it.

The different types of investment

  • Deposit based investments usually involve investing cash in Gilts (low risk bonds issued by the UK government), fixed interest accounts, National Savings and investments (NS&I), or Premium Bonds.
  • Structured products - also known as 'guaranteed products' - require a fixed investment term, usually between five and six years, and are normally anchored to a particular equity market or sector.
  • Pooled investments allow you to invest in world stock markets, which means your investment can dramatically rise in value during boom periods, however it works both ways, so prepare for the risks of stock market slumps.    
  • Open-ended investment funds are investment portfolios run by fund management companies which enable you to benefit from dividend payments, depending on the funds' performance. They're called 'open-ended' because the number of units fluctuates depending on the number of investors, which changes over time.
  • Investment trusts are through companies with a set number of shares, so you can either invest a lump sum or invest on a regular monthly basis. 
  • Multi-manager funds provide a diverse global portfolio of investments that are looked after by a range of funds managers. However, charges can be higher than single funds.
  • Index tracker funds track the stock market they are invested in, so charges can be less than actively managed funds. But will your money always stay one step ahead of the market?

Which investment is right for you?

To find out more about each investment option, speak to your local Independent Financial Advisor, who will gauge how much risk you are prepared to take and advise you on the best options for your personal situation.

Which savings account is right for you?

With so many options to choose from - ranging from standard savings accounts to ISA accounts - opening a savings account can be a daunting process.

Here are some things to consider:


Some savings accounts have a high-street presence, where you can deposit and withdraw money over the counter, while you might only be able to access other accounts just by post, telephone or internet. Make sure you choose the most convenient type of account for you.


You're likely to find higher interest rates with higher notice accounts, so make sure you won't need the money in the meantime, as early withdrawal penalties can be costly, or in some cases, you won't be able to access your money at all until after a year, for example.

Notice periods range from 30 to 90 days, or sometimes even longer, so make sure you're comfortable with the notice period before you open the account.

Interest rates

Interest rates vary greatly, so it's worth shopping around to find the best deal for you.

Introductory deals often offer a great rate for a limited period, so it's worth keeping an eye out and transferring your money to a new account offering a better rate once an introductory deal is over.

Other limits

If you want to save a large amount of money, it's worth checking what the investment limit is. You'll usually need to deposit a minimum amount, but there will often be a maximum amount you can invest too.

Important details

It's worth checking the small print for other important factors, such as additional bonuses, which can be paid after a certain period, and how interest is added. For example, some accounts pay interest annually, while others pay interest monthly.

It really is worth checking these fine details, otherwise you could miss out on maximum interest payments, or even incur a penalty if you withdraw money too early.

What next?  

From short-term savings accounts, to longer-term investments, finding the right savings and investments completely depends on your personal situation.

Who can help?

That's exactly where an Independent Financial Advisor can help, as rather than trying to sell you a product from a particular provider, they will search the entire market to find the best option to suit your circumstances.

Receive an initial, free, no obligation telephone consultation by looking up your local Independent Financial Advisor using our directory. Or we will put you in touch.  Simply call us on  0800 035 0078.

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