Saving made simple

Savers have better chance of finding savings' vehicles, following launch of comparative tables.

08:03 17 June 2004

Savers will now have a better chance of finding appropriate vehicles for their money, following the launch of the FSA's comparative tables.

It will be easier to find the best rate of return available by comparing competing savings accounts, with over 1,000 listed.

The tables will include a range of savings products from everyday deposit accounts to cash ISAs and pensioners' bonds.

The manager of the FSA tables, Alan Grant, said: "There are thousands of different types of savings account and the variation in returns available could mean a difference in returns of over 4 per cent annually.

He added: "The expansion of the tables to include saving products offers account holders in the UK a simple way to shop around for a new account or find a better deal."

The tables, which are will be updated on a daily basis, will also cover investments, pensions and mortgage products.

It is a key element of the FSA's campaign to boost consumers' understanding of financial services by arming them with accurate and relevant information before shopping around for the best deal.