The new improved savings site from Confused.com means it’s easier to make the most of your money. We explain what’s changed and offer some of our top deals.
In case you hadn’t already heard, we do more than just car insurance at Confused.com and we now have a new, improved, dedicated site for savings and investments.
With interest rates so low at the moment you’re probably looking at your savings and wondering how to make more of them.
Our new online service is designed to help savers compare interest rates, find the most competitive ISAs and understand some of the jargon often found in financial documents.
With top brands such as Nationwide, Santander and ING on board, the new savings offering is free and independent. Savers can quickly and easily compare different types of accounts, from simple instant-access accounts to tax-free ISAs, investment ISAs and fixed-rate bonds. So whatever your financial situation, we have an account to help your money grow.
Chris Griffiths, head of savings at Confused.com, said: “With interest rates being low and inflation high, it’s important to check that your savings are in a competitive account otherwise you could be missing out on improving your interest earnings.
“We aim to give savers more information about the different accounts available, as well as information on each specific account and its provider - ultimately to allow our customers to quickly and easily compare a variety of savings products to find the best one for their needs.”
So if your money is sitting in an account with a low rate then it might be time to think about switching. All you need to do is browse our site and find an account with a rate that catches your eye. Then you can apply online and your money will be transferred quickly and securely.
If that’s not inspired you to make more of your money then we’ve put together some of the best buys.
Instant-access accounts
The market-leading Nationwide MySave Online Plus instant access savings account is available to new and existing customers and offers an interest rate of 3.50 per cent. A deposit of £1,000 must be made when opening the account and interest is paid monthly. The rate includes a 1.51 per cent bonus for the first 12 months and one free withdrawal is allowed each year; any more withdrawals will result in a loss of your bonus.
ISAs
Natwest and Royal Bank of Scotland both offer a three-year fixed-rate ISA, paying a rate of 3.80 per cent but only with opening balances of £25,000 or more. Shorter terms are available: invest £1,000 for one year and receive 2.65 per cent or invest £1,000 for two years and receive 3.20 per cent. But remember, withdrawing your money within the fixed rate period will result in an interest charge.
If you’re looking for an account with a smaller opening balance try the Nationwide e-ISA, which pays Nationwide e-ISA, which pays 3.10 per cent. However, it’s only open to existing Nationwide customers.
Curious as to how much you could save with different interest rates? Our savings calculator tool does exactly that. Try it out for yourself:
