| Related: | Personal Finance•Money•Savings Accounts |
Most savers need the highest interest rate they can achieve, but that means keeping a close eye on rates and probably switching cash regularly between different providers. Is there an easy way to do this?
The savings comparison on this site is pretty good - http://www.money.co.uk/savings-accounts.htm - I used it earlier this month when my introductory bonus period ended. I added an entry to my outlook calendar to remind me to chance savings accounts.
It is best to look around. I have a nationwide isa, paid somthing like 0.25% interest. I never had much in it - but this year only getting 29p interest for the whole year made me look around. I now have an E-isa account and get 2.75% i received £4 in interest within 4 months of opening it - and had less money than in normal isa! I know it isnt going to pay much for the time being but better to have an extra £3.71 in my pocket than the banks!
I do what MrWallet does...I set reminders for just before bonuses run out, and I keep a close eye on what's on offer via comparison sites and the press. Most of my savings are in fixed rate bonds though, so don't need to be changed so often.
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