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Interest Rates: Cash is King

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

It is true, cash is King but only in a financial crisis.

Term deposit rates, online saver rates, bonus saver rates are all in the process of collapsing.

The problem, there is no true substitute for cash.

You can certainly switch into fixed interest securities such treasury bills, bonds, notes, hybrids, high yield, credit and more but this will introduce risk and the potential for actual capital loss.

If you need options, please call.

Click for chart.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.