Three good homes for your savings

As the economy continues to stumble, savers need to be on their toes to ensure that their cash still generates a decent return. We look at three ways you can put your money to work.

This article is taken from Merryn Somerset Webb's free weekly personal finance email, Money Sense. Click here to sign up now: Money Sense

As the economy continues to stumble and banks make loans tougher to come by, much of the advice being doled out in the financial press tends to focus on the plight of borrowers. They are finding that the best mortgage deals can disappear literally overnight as lenders become increasingly risk-averse. Only last week for example, I tipped First Direct's 4.95% two-year deal in Money Sense, only to see them "temporarily withdraw" it a day later!

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.