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PPI: Savers Should Not Be 'Fooled' By Headline Rates
PPI: Savers Should Not Be 'Fooled' By Headline Rates
Savers should not fall for accounts which offer high interest rates and come with a bundle of terms and conditions. Customers often end up making losses rather than profits opting for such accounts.
London,
London,
United Kingdom
(pr4links.com)
16/09/2010
"It is advisable for customers to opt for easy access account rather than high paying lsa which create more trouble than providing benefits. Consulting a financial analyst with experience in Financial Services Authority can yield more profits"
FOR IMMEDIATE RELEASE
London, UK, 14th September, 2010: Savers should carefully consider their account choice and not be fooled by headline deals, according to an expert.
Some accounts offer high rates but these are often only available under a number of conditions, such as a minimum monthly deposit amount.
Kevin Mountford, head of savings at moneysupermarket.com, advised consumers not to be "fooled by headline rates" and shop around for the best deals.
He said: "Unfortunately saving rates are far from the peak we saw only a couple of years ago and may not increase for some time, so consumers will need to be more savvy with their money than ever to find the best rates available, which may mean using their current account and savings account carefully."
Mr Mountford added that savers who are unable to lock their cash away in a high-paying Isa should instead opt for an easy access account.
The Halifax Reward Current Account currently offers consumers £5 a month if they pay in at least £1,000 a month.
“Customers in UK should not fall victim to high interest rates which are being offered by certain banks. Most of these come with riders where most of customers don’t gain anything” says financial analyst John Fieldman who has over two decades of experience in the financial industry and specialises in interest rates and corporate finance. He works as a financial analyst for PPI ClaimCompany.co.uk.
“It is advisable for customers to opt for easy access account rather than high paying lsa which create more trouble than providing benefits. Consulting a financial analyst with experience in Financial Services Authority can yield more profits.”
PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan protection and claim back PPI log on to http://www.ppiclaimcompany.co.uk/. You can also know about payment protection refund and check out the free PPI reclaim calculator at the website.
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PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan protection claims and PPI claim back log on to http://www.ppiclaimcompany.co.uk/.
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