Sick of low interest rates and wanting to invest?

Thursday, 08 October 2009 01:11

A reader from North Yorkshire is looking to invest while interest rates are so low.

Karen Crowshaw, Halifax Bank investments expert, tackles the problem.

Andrea from Harrogate from asks:

I currently hold all my savings in a building society account. But the interest rate is very low.

Is there any way I can get a higher rate by investing in something different.

I am not averse to taking a bit of risk.

Karen replies:

If you are comfortable accepting a higher level of risk for potentially higher gains, then you may wish to consider an investment in the stockmarket.

There is a very wide range of investment funds ranging from a cautious level of risk to those more suitable for adventurous investors.

The right fund for you will depend on your personal circumstances, existing portfolio and attitude to risk.

Please be aware that investments in the stockmarket should be considered over the medium term (at least five years).

Also, whilst you enjoy the potential for good returns, you may get back less than you originally invested.

If you have a question for Karen, go to the Ask the Investments Expert section

Or for more information on your investment options go to investments at Halifax.

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