My Mummy's Pennies: Money Vista 'Savings Watch' Service – Sponsored Post

MoneyVista

As a busy mum I find it difficult to keep track of most things, never mind interest rates! Checking the rates on my savings accounts isn’t very high up on my to do list if I’m honest!

But why not? I’m so careful with the pennies in my purse and what I spend them on, why shouldn’t I be the same with the ones I have safely stored in the bank? According to Moneyfacts, three quarters (76%) of the UK’s 3,345 savings accounts* pay less than the rate of inflation. This could mean that I’m losing out on money by saving it in the bank! In these tight economic times can I really afford to be missing out when it comes to money?

Teresa Fritz, Consumer Finance Expert, at MoneyVista said, “Banks and building societies entice you in with seductive headline rates. But these often include bonuses which fall away after a few months, leaving you earning a pitiful rate of interest on your savings. Unfortunately this means it’s not just enough to shop around for a best rate account when you open a savings account. You have to keep track of the rate you’re getting and be ready to switch if you want to make sure your savings aren’t eaten away by inflation.”

What if there was something that could do the hard work for me and let me know if the interest rate on my savings account drops or if a better product becomes available? Well now there is…

Savings Watch from MoneyVista is a new service which keeps track of the interest rates your savings accounts are earning, giving me (and you) a better chance of keeping up with inflation and the ever changing interest rates. I think it’s a great idea and is ideal for busy Mums! It takes just a few minutes to set up your account and then it will:

1. Identify the current interest rate on your savings account;

2. Show you the savings accounts that pay higher interests;

3. Send you an alert if your bank drops the interest rate on your savings account;

4. Sends you an alert if new products that pay higher interest rates become available.

In a nutshell, with Savings Watch you’re told which account currently pays the highest interest, and it prompts you should a better account become available in the future, so you are able to switch and get full potential of your savings. Having Savings Watch means you’re told which account currently pays the highest rate and will be informed if a better account becomes available at any point! So you can just sit back and relax (or run round after the children, standing on Lego and pulling your hair out!) while Saving Watch does all the work for you!

Why not take a look for yourself? Pop over and test it out now and let me know what you think?

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