Grow it - Episode 8: Boosting cash returns

By this point in the series you now are familiar with investing and will have enough confidence to explore your options further. For the remainder of the series I want to briefly touch upon boosting cash returns, investing for children & intergenerational wealth and then investing for good which covers ethical & impact investing. Cash is always seen as a starting point of any investing journey but for some people it is ultimately a destination itself. So in this episode I'm going to run through some quick tips on how to boost the interest you can earn on money in a savings account.

 

Our Grow It series consists of 10 YouTube videos where you can find out everything you need to know about investing. 

 

We will release a new episode every Tuesday and Thursday throughout the month, so make sure you subscribe to the Money to the Masses YouTube channel and don't forget to hit the notifications bell to ensure you get notified as soon as a new video is released.

 

Please remember, with investing your capital is at risk and the value of investments can go down as well as up, so you may get back less than you invest.

 

Best buy table (savings) - https://moneytothemasses.com/saving-for-your-future/savings-best-buy-tables/what-is-the-best-savings-account

Cash savings platforms - https://moneytothemasses.com/saving-for-your-future/investing/best-savings-platforms

Cash savings ladder video - Cash savings ladder

Savings allowance - https://moneytothemasses.com/tax/income-tax-2/what-is-the-personal-savings-allowance-and-how-you-can-boost-it-by-5000

 

Thank you to our Grow It sponsors:

 

Wealthify - For more information about Wealthify, including how to take advantage of our £100 cashback offer, please visit https://www.wealthify.com/mttm. New customers only, offer closes at midday on 28th April. Qualifying investment must remain invested for 6 months to qualify. T&Cs apply. Please remember, with investing your capital is at risk and the value of investments can go down as well as up, so you may get back less than you invest. Wealthify is authorised and regulated by the Financial Conduct Authority.

 

Fidelity - For more information about Fidelity, please visit https://www.fidelity.co.uk/moneytothemasses. Please remember, the value of investments can go down as well as up, so you may get back less than you invest.

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Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.

 

If you are looking to get your finances in shape then check out Damien's FREE Money MOT at https://mot.moneytothemasses.com/

 

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