While there is no denying that interest rates on savings accounts are very low at present and likely to be so for the foreseeable future, there are still opportunities to make the most of your money.

To get the best for your savings, you need to weigh up how much access you require, the length of time investing and the risk you will accept.

If you are a tax-payer, you should ensure your savings are invested as tax efficiently as possible.

Investments such as Individual Savings Accounts (ISAs) are ideal investments for a wide variety of reasons, such as funding for further education or producing income in retirement. They are extremely flexible and offer a wide choice of investment options, from simple cash through to more exotic funds, such as emerging markets.

For tax year 2013/14 the individual allowance for ISA investment is £11520 for those aged 18 or over. Most ISA providers allow monthly payments, lumps sums or a combination of both. Junior ISA's are available for those individuals below 18 and the maximum allowance in an investment linked contract is £3720 in the 2013/14 tax year.

The ISA is transferable between providers and Cash ISAs can be transferred to Investment linked ISAs without impacting on the annual allowance. Investment linked ISAs can not be transferred to Cash ISA Funds.

Past performance is not a guide to the future. Prices can go down as well as up. Investment returns may fluctuate and are not guaranteed.

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