Top tips for choosing a savings account
Use these tips to narrow down your search for a savings account – read ‘Next steps’ and then get saving! Tip 1 – Set a savings goal Tip 2 – Know yourself when comparing rates Tip 3 – Use regular savings accounts or fixed term deposits Tip 4 – Be tax-wise Tip 5 – Don’t...
Avoid high fees and hidden borrowing costs
Some credit cards and loans can come with higher fees than other forms of borrowing. Here’s what to watch out for and what to do if you think you’ve been charged unfairly. Late payment charges If you make a payment on a credit card or loan after its due date or miss...
Secured and unsecured borrowing explained
A secured loan is money you borrow that is secured against an asset you own, usually your home. The interest rates tend to be cheaper than with unsecured loans, but it can be a much riskier option so it’s important to understand how secured loans work and what could...
Can you afford to borrow money?
If you think you want to borrow some money, be sure you can afford any new monthly repayments on top of your current outgoings. Knowing exactly what money is coming in and going out each month will help you work out whether or not you can afford extra credit. First,...
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