Flagstone Investment Management responds to latest interest rate decision

Andrew Thatcher, Managing Partner of online cash management platform, Flagstone said: “The MPC’s decision to leave rates on hold means there is still no end in sight to the disappointing returns on offer to the millions of private investors, charities and businesses that collectively hold in excess of £2tn in cash.

“With equity markets at record highs, investors looking to generate meaningful returns without substantially upping their risk, need to get smarter and treat their cash more like any other asset class, moving between those accounts that do offer a meaningful return. For those willing to actively manage their cash deposits, returns as high as 3% can still be achievable for long term deposits and as high as 1.75% for short term deposits.”