Rate Tracker: the not-so-secret weapon against falling interest rates
20th November was an important day for us. It was our first birthday!
Britain’s hard-pressed savers need us more than ever. So after a celebratory cup of tea and slice of cake, we’ll be working hard to keep you abreast of the best savings deals.
We launched our free service for a simple reason: British savers get a poor deal and they need help seeking out the best interest rates. Chasing new deals and better rates is time consuming. And unless you keep a regular check, it is all too easy for your rates to go from ‘best buy’ to ‘bye-bye’. So why not let us do the hard work for you?
Our free Rate Tracker is the saver’s not-so-secret weapon. Simply enter basic details of your savings accounts - bank or building society, account name and balance - and we’ll let you know if your rate changes and when better deals appear.
We’ve got everyone covered from the newest banks, like Aldermore and Shawbrook, to savings giants including Lloyds, NatWest, HSBC and Santander - National Savings and Investments too.
No matter how large or small your savings, Rate Tracker is free and comes with no obligations. We don’t need any personal information apart from your name and email address.
Anyone not using our free service should take a look. Rate Tracker users simply do better – the average easy access rate is 0.74%* but the average easy access rate that our Rate Tracker customers are earning is 2.47% gross. On £10,000 saved for a year that's an extra £173 interest.
In the last year, we’ve made several important improvements to our service. We hope to bring you more as 2013 rolls on.
We’ve already added our Concierge Service for savers with larger sums to invest. It is proving popular for those with savings of over £100,000 who want a team of experts to run their savings portfolio for them.
For a small fee (0.20% of the portfolio value per annum subject to a minimum of £295) we tailor each portfolio to meet the saver's objectives for maximum return, accessibility and security under the Financial Services Compensation Scheme. We’ll even take care of the paperwork, where possible.
Our customers can sit back and relax, safe in the knowledge that we will research, choose, monitor and manage their savings portfolio for them. One customer was earning just 0.65% AER on his £200,000 cash (not unusual) but his new portfolio is now earning 3.38% gross/AER – that's an extra £5,460 pa gross. Click here to read some of our clients’ testimonials and to find out more about the service.
We have also launched our free Rate Alert service which helps savers to keep up with the release of new savings products and interest rate changes as they happen in the whole market.
There are more goodies in the pipeline - so watch this space.
So here’s to another year of SavingsChampion.co.uk and heartfelt thanks to all of you who support us and use our services. The more we are, the stronger we are - and the more the savings institutions will have to treat us better.
* Source: SavingsChampion.co.uk – average live easy access account (before tax), November 2012