There's now a decent 0% balance transfer card for people with a less than perfect credit score.
How to choose the best savings accounts
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By comparing the best savings accounts and choosing the right one for you, you can be sure your money is working as hard as possible. But how do you know which is best?
It’s not just a question of finding the best savings rate and moving your money there, you need to be sure that the account itself suits your household finances.
The best savings rates for your money
Many of the top-paying savings accounts require you to deposit a large lump sum, or restrict your access to your cash.
The best savings account for you is one that suits how you save and what you’re saving for. After all, if you’re saving an emergency fund then you don’t want to lock it away, even to earn the best rates.
Have a think about how you plan to use your account so you can decide whether an ISA, a fixed rate bond, a regular saver or just an easy access account is most suitable, and then compare the best savings accounts for you.
There are even Sharia’a compliant accounts available, such as the BLME four-year Premier Deposit Account, which offers an anticipated profit rate of 2.4%.
Don’t settle for less than the best
Once you’ve chosen the right account, it’s essential that you compare different providers so you can be sure of getting the best savings rates.
For example, ICICI Bank is paying 1.75% variable on its HiSAVE SuperSavings Online Account, whereas many instant savers are paying just 0.5%.
Compare rates to find the best savings accounts for your money.
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