Despite the uncertainty of the stock market, which has demonstrated that popular stocks can drop as much as forty percent in one day, savings rates are playing the game of “how low can you go”. Gone are the days that one could deposit their hard earned money into the bank to earn a six percent interest rate on the deposit, of late, this has been reduced to three – who knows how much lower it is going to get? You might as well take the risk of making money, rather than leaving your money static in a bank collecting not interest, but dust!

Think about it, we are taught from an early age to make the most from our money and the most successful people have taken advantage of this principal. Leaving money in a low-interest savings account is not putting your money to work for you, it is merely costing the account holder money that they could be making in shares.

Now is the time to switch from shares, as the market can only increase. Examine these examples of stocks that have risen, and returned more for the owners than a low-interest savings account could have ever yielded:

Various other large-cap shares that provide adequate sterling-declared dividends include the three following share options; Vodafone (LSE: VOD) has a 7.59p payout combined with a 6.4% yield at 118p. Second, Legal and General (LSE: LGEN) offers a 6.11p payout, yielding 7.9% at 77p. Third, is Marks and Spencer (LSE: MSK) has a 22.5p payout and yield 8.9% at 253p. These three options are recommended over traditional savings account to grow your income from shares and investments.

Two of the highest yielding shares come in as “dollar earners”, HSBC (LSE: HSBA) offers annual dividends coming in at $0.93 or about 60p per share yields 8.7% at 685p. Other stocks such as Anglo-American offer dividends of $1.30 this year, which is equal to 83p per share! At this rate, the return would deliver at 5.8%, approximately 1,437p.

Shares which follow trends are often a safe bet. Experts recommend that trends are mirrored within the same shares; Ishares FTSE 100 (LSE: ISF) is an exchange traded fund that has distributed a 20.1p per share in the past year alone. As of now, it is trading at 434p, which means an increase of 4.7% income. This is only going to increase with the current decrease in savings.

This provides an important find, trends tend to repeat themselves. This is the importance of studying the trends of the shares that you own and the shares that you are potentially going to acquire. This information can be found on trading websites, through seasoned traders or meetings for share trading enthusiasts. In the game of shares, knowledge is power.

If you are a bank-account holder who falls under the basic tax brackets, than you are going to be exposed to the lower interest rate. Why not invest in shares and take a chance at making some real money? At present, these chances of increasing your income with shares are looking up; after all, the chances of shares drastically decreasing again are quite low.

Many experts recommend that although there is an element of chance to investing in shares, the dividends can be high, delivering a higher potential income than money placed into a low to moderate interest savings account. After all, these are only a few of the shares that have increased in price. With research, this list could be easily increased.

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