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As saving rates fell to historic lows this year and with negative interest rates still a possibility, some consumers could start to look towards investments as a way to earn better returns as we move into 2021.
Before considering investments, it is important to remember that, unlike depositing money into a standard savings account or cash ISA where the initial deposit is secure and interest guaranteed, they carry the risk of investors not only failing to make any returns on their investments, but they can also lose part or all of their initial funds deposited as well.
Saying this, for those comfortable taking the risk, investments can be a good option for those looking to earn higher interest than that being offered by savings accounts. One of the most common ways for consumers to invest their money in the long-term is through property.