Home topics finance advice Image credit: Micheile Henderson Advice News Advice Australians consider this to be the best investment option amid economic uncertainty Yajush Gupta October 31, 2022 Crashing cryptocurrency prices, volatile stock markets, declining real estate values, rising interest rates, and skyrocketing inflation have upended many financial portfolios and called into question traditional concepts of safe-haven investments. According to a recent poll by Send Money Australia, Australians now view superannuation and high-interest savings accounts to be the ideal places to put their money if interest rates and inflation continue to rise rapidly. Here are the results of the poll: Superannuation came in second (with 22 per cent of the vote). Third (18 per cent) was an investment property. Only 2.6 per cent of people believe cryptocurrencies are the best investment. The majority of respondents (25 per cent) chose the high-interest savings account, which came in the first place. The outcome highlights the appeal of liquid financial assets and suggests that many Australians may be delaying making investment decisions in the current climate. This year, when interest rates increased, a number of institutions started luring savers in with high-yield accounts. These banks include Macquarie Bank, Rabobank, AMP, Ubank, ANZ, and Commonwealth Bank. Macquarie Bank and Rabobank each give an introductory rate of 4 per cent, while AMP offers a rate of 3.6 per cent. With 22 per cent of respondents preferring this option, superannuation came in second place, probably due to the 15 per cent tax rate that this investment