Whether you’re looking for the best current accounts at the moment, or the best savings accounts, then check out our comparisons now
There is a such a wide choice of current accounts and savings accounts today, that it has become so confused as to who offers what. What’s more, there is no such thing as a simple bank account these days, they all come with various benefits and incentives to use them. Even current accounts now offer interest for in-credit balances and it pays to shop around for the best deals out there. So use bestmoneysaver to find yourself the best account to suit you.
Getting yourself the best credit card and charge card deals can seem a daunting process, there are now thousands of finance companies, retailers and other organisations all wanting to give you credit, or make it easier for you to pay. But before you take the plunge and get attracted by the bells and whistles (and pretty lights), take a long hard look at what’s on offer and learn some of the basics (read our Best guides).
We examine both current accounts and savings accounts:
- current accounts
- savings accounts
Banks work hard to attract your business and so there is good reason to shop around to find the best current accounts out there. Research still shows that people are reluctant to change banks and remain very loyal over their lifetimes. That’s fair enough, although loyalty might be more a question of worries over the ease of changing direct debits and other personal payments, as opposed to true loyalty, but that’s another matter. Banks should nowadays be transparent and ease the change over process, so don’t be shy when it comes to shopping around. It will save you money and give you other benefits.
Here’s what to look for in terms of the key benefits on offer:
- good rate of AER
- required in-credit balances for deals to kick-in
- any cashback deals
- offers on overdrafts and loans
- commission-free overseas cash withdrawals
- mortgage deals
- insurance offers
- personal management service
- ATM charges
Above all else, pick a card that’s right for you.
With interest rates at such low levels and little prospect of them rising in the near future, getting the best savings account you can is vitally important. You need to make a savings account work hard for you and the best way to do this is to be very selective over what account you choose.
These are the main things to look out for:
- what is the gross rate of interest
- is there a minimum balance required
- is there a maximum balance
- is the vehicle a Cash ISA, or Term Account
Picking a savings account which gives you the best level of interest is very important, but also beware of other conditions such as minimum balances.