Following the news that one high street bank has reduced its core savings rates , one expert has told savers to make sure they are getting the best rate possible on their savings accounts .
Rachel Thrussell, head of savings at moneyfacts.co.uk, said that with a number of competitive savings accounts recently, Halifax - which chose to reduce its core savings rates by 0.25 per cent - has "bucked the trend".
According to Ms Thrussell, it is important for consumers to "keep an eye" on their savings account to make sure they get the best deals available to them.
"Don't be afraid to vote with your feet when it comes to getting the best deal for your savings ," she advised.
In related news, James Falla, director of Thomas Charles, recently urged consumers to put money aside in savings at the beginning of the month, rather than waiting until later when they may no longer have funds available.
Savers urged to vote with their feet
Savers urged to vote with their feet
Mon, 19 Nov 2007
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