Saga recommends fixing your savings rate
www.moneynews.co.uk > Banking > Saga recommends fixing your savings rate
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Saga recommends fixing your savings rate
Mon 7th Sep 2009
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Andrew Goodsell, executive chairman at the financial services provider, recommended having a good interest rate on your savings account, as it is an important part of anyone's finances.
However, he noted that not everyone actually went out to find the most competitive rate, so a fixed rate can often be the right choice.
"If you're not going to regularly check your savings rate then fixing a great rate now is a practical way of making sure you know what your savings are earning."
Research by Saga showed that 61 per cent of people were not aware of how much interest they were getting on their savings.
Last week, the organisation reported that the over-50s hold more credit cards than any other age group, with 49 per cent possessing more than one and seven per cent carrying five or more.
Click here for more banking news
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Related News : Saga |
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