Banks are still offering rock-bottom interest rates

Investors in the UK and EU, who are thinking of keeping their money in a savings account will be hard-pressed to find banks offering more than 2.5% interest according to the latest figures from Obviously, this will be a disappointing return for those who have worked hard all their lives and want to build a nice retirement fund.

Blue chip defensive stocks also only have interest rates of around 3% in companies such as Unilever and Diageo PLC. This rather paltry return is not exciting for those with savings; neither option is.