The Bank of England base rate is currently at 0.75 percent, while the average cash ISA pays at 0.88 percent. But these two stocks trusts yield more than 7%, so isn’t it time you checked them out?
DIVIDEND DELIGHT
Company dividends offer the antidote to today’s low interest rate world, if you are willing to take on a bit more risk. The FTSE 100 currently yields 4.01% and some individual companies generate far more than that.
City of London Investment Group (LON: CLIG) is a specialist emerging markets asset manager that manages a range of institutional products investing in closed-end funds. It is a relatively small, specialist operator with a market cap of £104m.