How to make the most of your money in a low savings environment

Let's be honest; interest rates on cash savings are rubbish. Ever since the global financial crisis, when the Bank of England and other central banks slashed interest rates to prevent the world economy from going over a cliff edge, savers have been penalised. Low interest rates are even worse when price inflation is taking into account. And if you're a first-time buyer, the challenge of saving for a big deposit is made even harder by the pitiful returns you get on your cash savings. In this episode, I chat with Ewan Edwards, Director of Savings at Aldermore Bank, to learn more about this low interest rate environment, how we can get the best returns on our cash, and what first-time buyers can do to take advantage of a government bonus; the window for this is closing at the end of November, by the way, so you will need to act quickly.