Cash ISA Vs Inflation
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
When it comes to growing money for your future, one of the popular choices has been the Cash ISA.
But have you ever thought about how effective a Cash ISA really is?
From those figures, you can immediately see the truth about your money “growing” in a Cash ISA. Yes, your investment will grow at 0.91%, but at the same time prices are going to grow 2.7%. Therefore, your money is actually losing value in real terms. It buys you less than it would have done today.
Now think about a Stocks & Shares ISA versus inflation. This type of investment has the potential to beat inflation, as returns are linked to the performance of Stocks & Shares in a fund. You may get back less than you invest, as you are taking on risk, but the potential rewards are greater.
With the True Potential Investor Stocks & Shares ISA, our Fully-Managed Investment Portfolios benefit being managed by our in-house investment team and fund partners with access to 9,000 experts in 200 worldwide locations. Global diversification aims to manage risk and maximise growth opportunities.
With ISA deadline day approaching, now is the time to open or top up your True Potential Investor Stocks & Shares ISA.