Amazingly, 3 quarters of the UK’s 3,345 savings accounts pay less than the rate of inflation according to Moneyfacts. The MoneyVista Savings Watch widget will help people get the best savings rate whilst offering useful tools and tips.
Here are 3 reasons why we think the savings watch is a great widget:
1. Helps identify higher interest rates
The Savings Watch widget can identify the current interest rate on your savings account and show you savings accounts that pay higher interest rates. It sends you an alert if your bank drops the interest rate on your savings account and if new products that pay higher interest rates become available. It also lets you know when your introductory bonus or your fixed rate is coming to an end. It sends an alert one month before your rate is due to end to remind you to look around. How handy is that!
2. Helps create a personal financial plan
MoneyVista is an online financial planning tool that helps you create a personal financial plan that is easy to see, update and use. The user simply enters information such as income, outgoings, property, pensions and savings, and then you can create a financial plan in a matter of minutes and start taking control of your finances. You'll have money bags full in no time!
3. Helps show the impact of your own financial decisions
MoneyVista can show you how a decision made in one area can affect the rest of your finances. It also answers queries such as "when can I to retire?"
4. Your information is kept private
MoneyVista is backed by Royal London Group. Your data will never be sold or passed on. You can get a 30 day free trial to MoneyVista to try it out without the need for any credit card details being taken. Visit here for more information about MoneyVista’s Savings Watch.