During the period of record low rates, borrowers have able to secure capital at low a cost and pump it back into the wider economy. This has been central in helping the UK recover from one of the worst recessions in history.

Record low rates have undoubtedly been great for the economy as UK GDP growth has outperformed many developed economies. The lower rates have supported borrowing in the housing market and retail sales have remained resilient, even in the face of Brexit.

However, market theory dictates that where there are winners, there will always be losers. The winners of low interest rates have clearly been borrowers. The losers have been savers.

At the time of writing the Cash ISA interest for major UK banks are as follows; HSBC Advance Standard Rate 0.5%, Lloyds 0.35% and Barclays 18 month flexible 0.8%. Pitiful to say the least.

This is why many investors are turning to companies such as Moneyfarm who operate low-cost and fully-managed Stocks & Shares ISAs.

Moneyfarm allows investors to invest up to £10,000 free of a management charge and choose between a general investment account or an ISA. Clients of Moneyfarm benefit from easy set-up, low fees and full transparency from their funds.

Moneyfarm portfolios are managed around the clock by their investment committee who are striving to provide returns in excess of the pathetic offerings of Cash ISAs currently.

If you invest with Moneyfarm, like with any investing, your capital is at risk and you may get back more or less than your original investment.