New Savings Guides at Which4U

Which4U endeavours to provide the best possible guidance in matters of personal finance during these testing times. The options for UK savers have been limited and often complex in the face of high inflation. Could we help you to find better returns on your savings? Read on to find out more!

The cost of living has started to fall sharply. Now, for the first time in several months, fixed-rate bonds and fixed-rate ISAs are in a position to offer real rates of return.

But none of us can be absolutely sure about the fate of inflation in the medium term. The Bank of England has announced further quantitative easing measures, and opinion between forecasters varies considerably.

This fall in inflation has prompted consumers to think more about savings, especially with the new ISA season approaching, though many have confessed that they remain unsure about their best options.

Which4U’s new savings guides focus on these topical (and often complex) savings issues to present the best options for real rates of return. Let’s preview a few of these here [hyperlinked below]:

Cash ISAs: An Introduction

This guide highlights the savings that can be made through your tax-free allowance. It also notes the tricks at work with new ISA products, and the ability to transfer all past ISA savings to a different provider.

Fixed-Rate Bonds vs. Cash ISAs

This guide compares the two highest returning traditional savings accounts: fixed-rate bonds, and fixed-rate ISAs. It considers which offers the best returns (after accounting for tax), and how the flexibility of these products caters for different savings requirements.

Inflation-Linked Savings

This focuses on the pros and cons of variable-rate inflation-linked savings, and how these compare to fixed-rate savings accounts. It questions whether inflation-linked savings accounts always offer the best long-term solutions and if there are guarantees are in place should inflation fall.

How to Beat Inflation

This guide identifies the problem of inflation and investigates some of the savings options available for consumers. It also considers the paradigm of predicting inflation. Without the ability to do so straightforwardly, all long-term choices risk opportunity cost to the consumer.

Secure Savings and Compensation

This follows an editorial on the subject. It is astonishing that only 3% of savers are aware of the rules regarding compensation in the event of a banking collapse. If you have a high volume of savings, it is worth making sure that you are clear on the regulations for your own protection.

Are there other savings guides that you would like to see? Please let us know here at Which4U and we’ll do our best to meet any requests.