Continue to put money in banks or..?
Local banks have cut their interest rates on savings accounts… is there any other options available for the time being until interest rates are back to normal?
Hmm, to be frank, amidst this pandemic there is really a lot of uncertainties going on right now around the world, so we really don’t know what will happen next. You can cash out I guess? But even if banks are cutting down on interest rates, the compounding interest will still allow you to earn (not much, but better than nth) so I guess it would be advisable to not touch it
Can consider shifting some of your funds to investment portfolios if your risk appetitie is relatively high