NEGATIVE INTEREST RATES
Bank deposit accounts are a useful way to store everyday cash and the savings you need to be able to easily access. Despite the recent prevalence of historically low interest rates cautious investors have been happy to sit in cash deposits in what has been a relatively benign inflationary environment.
What does this mean for you?
The first step in sorting out issues such as personal finances and powers of attorney is to discuss them. Initiating these sensitive conversations may not be easy, but any preparations will help to minimise the complications that come with events such as loss of mental capacity.
Cumulative Returns for Quilter Cheviot Euro Private Client Indices (PCI) for period to Q2 2020