Have you heard of Negative Interest on deposit accounts?
Bank deposit accounts are a useful way to store everyday cash and the savings you need to be able to easily access. Despite the recent prevalence of historically low interest rates cautious investors have been happy to sit in cash deposits in what has been a relatively benign inflationary environment.
What’s the savings environment like now?
Why does the Bank need to charge to ‘mind’ our money?
What options are available to listeners who have savings on deposit?
On Tuesday’s Morning Focus, Gavin Grace spoke to Tommy Corbett from Carey Corbett Financial Solutions.