Best Compound Interest Investments UK
The power of compounding is like a snowball rolling down a hill – it starts small but gets bigger and bigger. It works with cash savings as well as investments but the effect tends to be more significant with investments because you don’t just benefit from a rising share price – the reinvestment of dividends can also turbocharge your return. And investing over a long term period, rather than just for a few years, can really help you achieve your financial goals. Read more
Whether you choose to invest in shares, or other assets, such as property, a retirement plan or even a fixed-rate ISA, will depend on your appetite for risk and the timescale of your goal. Some investments, such as CDs and high-yield savings accounts, will be less volatile than others but may not have enough returns to beat inflation.
- Best Compound Interest Investments in the UK: Grow Your Wealth
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Those who want to maximise the impact of their savings or investments should look for an account that pays a competitive rate of interest and compounds it monthly. You can find many options that pay this type of interest in the Raisin UK marketplace.
However, the figures shown in this article aren’t guaranteed and don’t take inflation or charges into account. If you’re considering making an investment, we recommend seeking independent advice. All investments can fall as well as rise, and you could get back less than you invest. The value of your investment will be subject to tax.