People are looking in all different directions at the moment to make the most of their money – when all they have to do is look around them and realise their home is the best asset to invest in.

Fifty seven per cent of UK savers have split their money into more than one investment or savings product following the bailout of both HBOS and Royal Bank of Scotland and stock market volatility, research from Fairinvestment.co.uk has found.

In fact, the survey found that a quarter of savers have split their deposits in two, 13% have split them three ways and 8% have divided them between four separate products.

Sharon Bratley, financial expert at Fairinvestment.co.uk says: “Investing in different types of assets can diversify investments and reduce the level of risk overall. With interest rates as low as they are, investors are having to look at other options in order to meet their objectives.”

This is sensible, but why spread your investments anywhere? With an offset you can have your money sitting in one account, constantly reducing your mortgage repayments at the end of the month. And because you don’t accrue interest on the money, it’s a tax free saving. Your mortgage is the best asset to invest in.

Offset is also almost risk-free – the Government will cover any losses of any accounts you have up to £50,000. And if you have more than £50,000 offset, just split it between two or more accounts, and it will all be covered.

It is hard to find somewhere that is risk-adverse and is profitable for your money. But with offset, your money is safe and the savings are instant.

SOURCE: Fairinvestment.co.uk, 19/03/09

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