Consumers could enjoy bargains on savings accounts and financial products

Although most people expect to bag a bargain in the various retailers when January comes around it seems that this year the bargains in the UK are extending to a variety of banks, with a range of special deals on offer when it comes to savings accounts, as well as on other financial products such as mortgages, loans, and credit card deals. Special rates on savings accounts, credit cards, and mortgages are being offered by a number of banks, but experts are warning consumers to keep an eye on the small print before jumping in and committing to any offers.

Barclays Bank has come up with an impressive offer on its regular saver account, where a twenty five percent increase on interest rates as been applied on savings, and this offer runs until February. The interest rate on the regular saver account is now twelve and a half percent and savers that have this type of account need to pay in a regular sum of between twenty five and two hundred and fifty pounds per month. If a withdrawal is made on the account or a monthly deposit is missed, savers should be aware that the high rate of interest will be lost for the year, and will go down to the standard interest rate of under three and a half percent.

With the new year upon us, many people have made resolutions to take their finances into hand, and one effective way of helping this to happen is by ensuring that you have the best deals when it comes to financial products such as savings accounts, investments, credit cards, loans, and mortgages. It is a good idea to shop around and see what the banks and building societies are currently offering in order to increase custom, but make sure that you read the small print as expert warn that no matter how good the deal sounds, there could be pitfalls to look out for.