Considering the strength of the Australian dollar, I believe interest rates are more likely to fall before they rise again.
In light of this, if I had $20,000 sitting in a high interest savings account I would consider investing it in the share market instead.
But where should you invest it? Here are three equally good options in my opinion.
Aristocrat Leisure Limited (ASX: ALL)
I believe this gaming technology company's shares would be perfect for investors in search of growth. In the first-half of FY 2017 Aristocrat delivered a stunning 56.9% lift in profit from ordinary activities after tax to $249.6 million. Thanks to a strong pipeline of new releases and the impressive performance of its digital segment, I believe there is still a lot more growth ahead for this quality company.
GetSwift Ltd (ASX: GSW)
Investors that wish to gain exposure to small-cap shares with strong growth potential could do a lot worse than this logistics management software company. Due to the growing popularity of its service, GetSwift has been growing the number of deliveries handled by its platform at an explosive rate. Thanks to a recent capital raising that will allow it to expand into other verticals, I believe this fledgling company's shares still have significant upside potential despite a strong gain this year.
Telstra Corporation Ltd (ASX: TLS)
This telco giant could be an ideal investment for investors that are looking for dividends. Although there is a lot of chatter around the sustainability of its current dividend, if Telstra were to make a slight cut to its pay out, it would still be a far greater yield than the market average. But as I have said previously, I am optimistic that a dividend cut can be avoided through its cost cutting program. Telstra's shares currently provide a trailing fully franked 7.5% dividend.
