With interest rates being kept at 0.5 percent, savers may want to look at other ways to make the most of their money.
Ironically, one method could be using a credit card, rather than just letting interest slowly accrue in your account.
However, this only happens in the form of cashback, so Britons will have to spend money to make money.
Some card providers offer consumers 1 percent cashback on what they buy, whereas some savings accounts only offer a rate of 0.1 per cent. On top of this, cashback rewards are not taxed.
As a result, spending £5,000 with a 1 percent cashback credit card could earn £50, whereas if someone in the top tax bracket saved £5,000, they would only see a return of £2.50.
Compare the best pre paid
credit card's today...
based on your circumstances.
Best basic bank
Free Travel money card's just
International money transfer providers
Copyright 2016 :: Compare Money Transfer Limited :: All Rights Reserved