Savers are being urged to look beyond headline rates of instant access savings accounts - or they could end up forfeiting interest paid. According to Moneyfacts, providers are increasingly setting withdrawal terms and conditions on the level of interest paid. This week, Alliance and Leicester launched its Direct Saver account, paying 5.25 per cent each month. But if any withdrawals are made, the interest is lost. First Direct and HSBC apply similar restrictions on their instant access savings accounts. Rachel Thrussell from Moneyfacts says: 'Within the traditional definition of an instant access savings account, the concept of incurring a penalty for withdrawals would be a contradiction in terms.
3. Drive carefully. Although it sounds a little trite to say it, your car insurance cost is a factor of your risk profile. You won’t get cheap car insurance if you have had 3 speeding fines and 2 accidents in the last year. These things are all taken into account and you should take care with how you drive. It all adds up onto your bill. There are big safe driver discounts available.
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cheap car Insurance
Drivers Discounts
Forfeiting Interest
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