Latest news for moneysupermarket moneysupermarket news feed from the Invest Differently magazine

UK savers failing to check the interest rate paid on their savings account and switching to a better deal
(11/08/2010)

All UK savers should check their rates regularly and take action to ensure their money is working as hard as possible for them. UK savers could be missing out on a massive £9.4 billion a year by failing to check the interest rate paid on their savings account and switching to a better deal. Research by moneysupermarket.com has found that apathy among savers is increasing, with 36 per cent of all savers never having checked their savings rate,... [more]

moneysupermarket savings comparison channel compares over 2,200 UK savings accounts to help you find the right home for your money
(28/06/2010)

With low interest rates and rising inflation, it can be very difficult to find the best place to keep your hard earned cash. moneysupermarket.com has unveiled its new and improved savings channel which now compares all available UK savings accounts – over 2,200 - to help customers find the right home for their money. The new savings comparison tool has been designed to make finding the right account quicker and easier than ever. Consumers can... [more]

Switching current account to get a better credit interest rate
(18/06/2010)

The most popular reason for switching current accounts is for a better credit interest rate. Acoording to a poll of moneysupermarket.com users, 31 per cent of respondents said a better rate could persuade them to switch, 19 per cent said a cash incentive might encourage them to move, and 13 per cent said they would switch if the processes of switching were easier. However, analysis from moneysupermarket.com has shown that the top cash incentiv... [more]

Strong increase in inflation is a real blow to savers
(28/01/2010)

The recent announcement by the Bank of England on the biggest increase in inflation since records began spells bad news for savers with only a handful of savings products now paying high enough interest to offset the effects of inflation. Basic rate tax payers will now need an account paying at least 3.63 per cent to gain benefit in real terms from their savings, increasing to 4.84 per cent for higher rate tax payers, yet research by experts a... [more]

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