Savers are smiling as interest rates locally and around the world have increased sharply over recent months, resulting in the best returns on bank deposits that we have seen for many years. Cash is king again. Bank deposits are a vital part of our lives and an indispensable component of any investor’s portfolio and most people think that money in the bank is risk free. However, bank deposits like all other investments, carry real risks that you should be aware of. Let’s have a look at these risks.