"I transferred my Cash ISA to start investing"

Over the last few years I had started to question whether keeping my savings in cash was the right thing to do for my future. I trusted my bank to give me a good interest rate on my savings, but when I checked it was around 1% per year, which seemed very low.

With inflation in the news a lot, and bills constantly going up, I started to understand that what you can buy and spend with your cash every year actually reduces. So in order for your savings to grow, you need your savings to actually increase by more than inflation. It’s a ‘mind blown’ type of thing when you realise. At least it was for me!

From research, investing your money instead of getting interest from your bank is the preferred option to combat inflation. That then poses another question, how do you invest?!

A bit more research, and I realised investing isn’t as risky as we are often led to believe growing up, as long as you invest in a diversified way, and of course give it enough time to see results.

That’s what really stood out with Beach for me, the investments are managed by experts who know what they’re doing, so I don’t need to worry about much, and I can mostly forget about it until I need it.

I transferred my Cash ISA that I have been saving into for years, and it was all pretty straightforward, with my money appearing in my Beach account soon enough. The performance has been much better than my Cash ISA too. I wish I had done it much younger in life, I’d be quite a rich man by now!

‍Note: for detailed advice tailored to your specific circumstances and needs, it is best to speak with a financial adviser.