Don't be apathetic - take charge of your savings

It’s obvious to see how far cash savings have fallen over the years and how increasingly difficult it is to avoid inflation eroding your nest egg. In stark contrast are the striking potential returns that can result from investing in stocks and shares. But it’s worth remembering that fund values can fall as well as rise – so if the market drops, it’s bad news for your original investment.

Those who are not prepared to gamble their cash may have to think differently. Cautious savers putting money aside may still prefer to invest in cash to get a simple return of interest as a reward for investing with that provider. These savings can make it a lot more straightforward to plan ahead – if you have something specific in mind. Here is a run-down of the best deals for different goals.

High interest current accounts