Shop around for best savings rates
Published On 12 January 2007
Consumers should take the time to shop around for the best savings rates to make sure their finances are working hard, a new study has found.Financial website Find.co.uk has recommended savers seek out the best deal for their situation and highlighted that their funds could be accumulating 5.35 per cent more than they currently do.
The study found that while some of the top instant or easy access accounts are paying 5.45 per cent on a minimum £1 investment, the "worst paying" accounts offer just 0.1 per cent interest.
Kate Marsden, marketing director at the company, said instant savings accounts (ISAs) offered some of the best savings deals on the market.
She added: "If you fail to shop around, your money could be missing out on up to 5.35 per cent interest.
"So don't be a mug and allow your money to languish in one of the accounts paying only 0.1 per cent interest."
