Business
Where to invest $5,000 into ASX shares right now – Motley Fool Australia
Forget Commonwealth Bank of Australia (ASX:CBA) savings accounts and invest $5,000 into these quality ASX shares right now…
At present the Commonwealth Bank of Australia(ASX: CBA) is offering a base rate on its savings account of just 0.05%. This is largely in line with what the rest of the big four are offering.
This means that if you have $5,000 sitting in one, it would gain interest of just $25 per year.
Unfortunately, with economists tipping the cash rate to remain on hold at 0.25% for the next three years, things are unlikely to get any better in the near future.
On the assumption that this base rate will sta…
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