Don’t ignore the niche savings providers

A new tribe of savings providers have thrown down the gauntlet to more established players in the market with a raft of eye-catching fixed interest rates. Comparison site Moneyfacts’ best buy tables for one-, two-, three- and five-year fixed-rate bonds are populated by a mix of online providers, Islamic banks, and unknown brand names. These include OakNorth Bank, Masthaven, Bank of London and the Middle East (BLME) and Zenith Bank. Although many people understandably choose to avoid lesser-known names, fearing that they will not provide adequation protection for their cash, accounts offered by these providers can let you [...]

Merryn

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