- 05
- May
- 08
If you opened a savings account a few months ago, the savings rate you are now getting has probably been reduced by your bank.
However, the exact same saving account is probably advertised to new customers with the higher rate that you were paid when you first opened the account.
Most people are unaware that this has happened as they do not regularly check what interest rate they are being paid by their bank on their savings accounts.
Also, the bank will not send you a letter to tell you that your rate has reduced as they stand to profit by paying you the cheaper rate.
But, if you research the interest rate you are being paid plus the interest rate being offered to new customers on exactly the same type of account and then ring up the bank to ask to be paid the higher rate, they are likely to give it to you to stop you taking your business elsewhere.
Failing that, you can compare high interest savings accounts to see which account will offer you the best interest rates.
Note: Comment moderation is enabled. Your comment will not appear until approved.
- 17
- Jan
- 08
Saving money isn't easy. First you need to find the money to save and then you need to find an account that will give you the best return.
We thought we would take some of the hassle out of saving for you and provide you with our top ten savings tips.
If you need more information, our 'Guide to savings accounts' is there to talk you through some of the essentials, in more depth, so that you can get yourself the best savings account for your individual needs.
Contents
1. Divide and conquer
2. Pay day = save day
3. Interest-ing
4. Time does = money
5. Learn to walk before starting to run
6. For richer or poorer
7. Forms, forms everywhere
8. Inflation
9. That old chestnut
10. Don’t forget your ‘shrapnel’
Note: Comment moderation is enabled. Your comment will not appear until approved.
Recent Entries
- Increase in 0% purchase offer on the Capital One Low Rate Balance Transfer Credit Card
01 Sep´08 - Changes to the Capital One Platinum Credit Card
01 Sep´08 - Low APR until August 2012 with the Capital One Low Rate Credit Card
01 Sep´08 - 16 months 0% balance transfer offer with the Capital One Balance Transfer & Purchases Credit Card
01 Sep´08 - NEW Tesco Car Insurance offer - £40 off shopping or fuel when you buy
28 Aug´08
Recent Comments
£100 for switching to Alliance and Leicester Premier Current Account
Sarah B said: This is a great offer, i've just applied for one and got my mum and dad too - get an extra £25 for r...
[More]
Market leading credit card offer from Capital One
meringue87 said: Wow!! what a great offer from Capital One! It's been a long time since a credit card company have of...
[More]
Poll results – 50% think credit card offers have deteriorated over past two years
meringue87 said: I think they have definitely got worse over the last couple of years but they seem to be picking up ...
[More]
Keeping your garden safe through the summer months
Disco said: After reading this article I have now checked the content of my garden and found that with the addit...
[More]
Do you know the ATM etiquette?
Sam said: This is good advice. I can't stand it when people get too close to me when using the ATM!
[More]