Posted on April 10, 2010.
Savings accounts "could help after Christmas" Consumers who compare savings accounts before Christmas could plumb for a happy new year.
Those who compare savings accounts in the coming weeks could ensure that their finances are healthy are shaped in the new year, if the recent comments of an expert are nothing without it.
Whether you are looking for a high interest savings account, the online equivalent or ISA best rates , find the right type of product for their needs is essential, "said Reza Attar-Zadeh.
Mr. Attar-Zadeh is the director of savings and investments Abbey savings and noted on recent research by the lender that showed one in five UK have no money to put all aside for a rainy day.
In addition, one third of survey respondents said they would break their piggy banks and use an average of £ 221 in savings to pay for holiday gifts and celebrations.
More than half of respondents plan to reduce spending in the coming weeks, while one million are set to return the gifts they receive money.
But the bank says that people should be careful not to put the cash stashed away just for use at Christmas.
"Whether investors decide to put their money aside for the long term, for specific purposes such as Christmas or holiday, or in case of emergency, the most important thing is to develop a plan of action works for them, "Mr. Attar-Zadeh has proposed.
Search Abbey savings follows another survey it conducted this year, which found that more than a quarter of parents have no investments or money set aside for use when needed a gratuity or their offspring may be used in later life.
The company said the moms and dads are likely to face a fight "ahead" because of rising costs of childcare, the rising cost of education and other costs such as gas and electricity. Some 29 percent of parents surveyed said they intend to start saving a bit more on a monthly basis.
