Premium

How to make the highest return on your savings: plans for £50k, £100k or £500k 

A Chinese employee sorting duck eggs at a factory in Nantong
You can build up a nest egg without risky investing Credit:  AFP/ AFP

For those looking to make serious returns, saving is often overlooked in favour of investing – but the former has two major advantages.

First, savings are protected against losses up to £85,000 by the Financial Services Compensation Scheme (FSCS), a lifeboat fund, compared to just £50,000 for investments. 

Second, saved money is easier to access, as investments would have to be sold – potentially at a loss – to free up the cash. 

But money left in savings doesn't have to languish in low rates. Despite recent research showing that more than £1 in every £10 saved is in deals earning nothing at all, decent returns are far from impossible.

The best rate on the market for people with large sums to...

To continue reading this article

Start a 30-day free trial for unlimited access to Premium articles

  • Unlimited access to Premium articles 
  • Subscriber-only events and experiences
  • Cancel any time

Free for 30 days

then only £2 per week

Save 25% with an annual subscription

Just £75 per year

 

Register for free and access one Premium article per week

Only subscribers have unlimited access to Premium articles.
Register for free to continue reading this article
Or unlock all Premium articles.
Free for 30 days, then just £1 per week