Brazilian ten-year sovereign bonds yield 12.28 per cent
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‘Make sure your money is working hard.” It’s a phrase used by lots of financial companies hoping to gain custody of your long-term savings. They’ve got a point — putting your money where it can generate a handsome return, is a smart move.
Savers haven’t had to work too hard for a good return lately because cash savings accounts have been paying high rates of interest. But that could soon change.
The Bank of England base rate went up 14 times from a record low of 0.1 per cent in December 2021 but it has stayed at 5.25 per cent since last August. A cut is expected in the coming months which means that cash savings rates will fall too. In fact, they have already