MoneyExpert.com, the independent financial comparison website, found that an average fully comprehensive premium of around £762 could rise to as much as £1,044 if you choose to spread your payments. Only 14 per cent of the 185 fully comprehensive motor insurance policies on the market don’t charge extra for paying by direct debit, and the average APR for those that do is an extravagant 21.5 per cent
For the record, any investment which promises returns of over, say, 6% a year carries a risk to your capital. In other words, unlike a safe savings account, it could lose you money. Thus, be wary of 'get rich quick' schemes offering mouth-watering returns over short periods. Ninety-nine times out of a hundred, they'll be a complete con, as victims of boiler rooms, Ponzi schemes and fake lotteries have learned to their cost.
Tags:
Safe savings account
Comprehensive Premium
UK Car Insurance
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