Where to go, now cash doesn't cut it THE widely publicised drop in official interest rates since late 2011 has been exacerbated for depositors by a reduction in the banks' needs to solicit retail deposits, according to fund manager Angus Bell of Goldman Sachs Asset Management. Mr Bell makes it clear the picture is a bleak one for investors who are still sitting on big cash positions, many of them because they lost confidence in equities after the global financial crisis then baulked at the volatility that has ruled markets since.