Savings accounts tips offered by money.co.uk

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Savings accounts tips offered by money.co.uk

Financial advice firm money.co.uk has put together a set of recommendations to help consumers "make the right decisions" when it comes to handling savings accounts.

Among the tips the company offered people is for them to review products regularly, know the return they are receiving from an account and have some idea what they are saving for.

"The savings market can be a minefield and keeping on top of the best accounts and rates can be incredibly time consuming," admitted money.co.uk representative Hannah Maundrell.

However, she claimed there are certain saving options currently offering up to 4.75 per cent interest.

The firm also recommended that consumers read their terms and conditions carefully when they apply for a product, avoid seeing bonuses as "the enemy" and be aware of all the alternatives.

This month, money.co.uk announced that many people are spending more than they had planned when they purchase a property and stressed the importance of budgeting and preparation.

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