The key to saving for your deposit is to make the most of every penny you save. With savings rates still at record lows, you may be tempted to put some of your money onto the stock market to try and achieve a better rate of return.
However, when you invest your money, you put it at risk of falling in value. You'll have the potential to make better returns than the bank, but you could do much worse. It’s unwise to put your deposit savings at risk as it may take a number of years to recover from any falls in the stock market, setting back your plan to get on the property ladder.
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