How to maximise returns on savings when the interest rate is higher

Stack of silver coins with trading chart/ iStockWhen life's uncertainties hit and you need financial backing, you can simply turn to your savings.The interest rate has an impact on your savings, a company that offers investment management services, encourages savers to take advantage of the high interest rate that South Africa is currently dealing with.

Another way to ensure your savings give you the biggest returns is to look at different investment opportunities in several markets. "Diversify your savings by exploring different investment vehicles, such as stocks or unit trusts, that can potentially provide higher returns over the long term," she adds.

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