Avoid risk and get high interest rate accounts
You’re trying to eke out your savings for as long as possible, so get the highest possible interest rate account. Don’t be diverted by tax free savings if you’re not a tax payer anyway. And what you’re after in retirement is safety not risk. You don’t want to be moving your money into volatile shares that may trough and take years to regain value. That’s great when you’re 20, but at 70 you want protected, regular income.
Related: Best buy accounts, Best interest rate on savings accounts
Tags: tax free savings, high interest rate accounts
