How to double the return on your savings

With interest rates at rock-bottom, savers are getting a rough deal from their banks. So forget the banks altogether, says Bengt Saelensminde. You can double the return on your money by becoming the banker yourself.

Forget Osborne's firm but fair sound bite, here's what the Budget really means: interest rates will remain pinned to the floor with no respite for savers. That's the reality we face. And it's going to leave a lot of ordinary savers out of pocket.

Luckily, we don't have to suffer that fate, because the internet offers a way to earn decent interest on your money around double what the banks are offering. Interested?

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.