7 ways to make the most of your cash in a low interest world

NS&I have cut Interest rates meaning you get less back for your money. There is speculation that other bank/lenders will follow NS&I's lead. This means that holding a lot of your money in cash will not make you rich anytime soon. What else can you do with your cash?

1. ​​Build your emergency fund and aim to cover at least 3 months of expenses.
2. Pay off your debts (mortgage, credit card) and reduce the interest you pay in the long run.
3. Research higher savings account like this one from NatWest with 3% variable rates and move your cash into these pots. These accounts come with limits so read the terms and conditions carefully. 
4. Start with as little at £2 and Invest in the stock market using Apps like Freetrade and/or try robo-investing. Read this article to find out how the rich take advantage of this option.
5. Top up your pension. You can save up to £40,000 a year and it reduces your taxes.
6. Invest in promising start-ups. Click here to learn more about the opportunities and risks.
7. Despite the cut in interest rates, you can save up to £50,000 in NS&I and get a chance to win of up to £1million which is tax free. I won £25 last month.