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Podcast77: Losing Power With Deposit Accounts

informed decisions blog

Podcast77: Losing Power With Deposit Accounts

5th March 2018

Paddy Delaney

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It is fierce common lately to hear the financial industry give out about the rates of interest available through bank deposit accounts and to recommend that you should invest your money into XYZ Fund (which just so happens to generate a nice chunky commission for whoever is doing the recommending!). It’s funny, they weren’t saying the same when equity markets were falling 30% per year and deposit rates were up at near 5% per year! (although they should have been!)

We will explore in this episode whether deposit really is a good place or not to keep your funds over the long term.

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