Top Financial Products Available Today

Cash ISAs

One of the most tax efficient ways to invest your money, as the interest you accrue on your savings is safe from the tax man. The catch, you can only invest up to £3,600 in the 12 months to 5th April 2010, rising to £5,100 thereafter.

Cashback Credit Cards

These give you cashback just for using your credit card to make purchases, and as long as you repay the balance in full each month before the due date, then there is no interest to pay. In addition, the use of a credit card to make purchases gives added protection, which is particularly useful when making purchases online.

Interest Free Credit Cards

A number of credit cards also offer interest free balance transfers and purchases for an initial period. For those with maxed out credit cards, interest free balance transfers can save £100’s in interest costs.

Current Account Mortgages and Offset Mortgages

These types of mortgages allow you to combine your current account with your mortgage, in such a way that you can save a significant amount of interest over the mortgage term, and ultimately clear your mortgage more quickly.

High Interest Current Accounts and Savings Accounts

For those with relatively high balances in their current account, it is worthwhile looking for current accounts which give a competitive interest rate on the balance, or an instant access savings account, where you can transfer the excess balance to earn a high rate of interest, safe in the knowledge that the money is instantly available when required.

Interest Free Overdrafts

For those living in, or close to, their overdraft, then it is worthwhile looking for a current account which offers an interest free overdraft.

Apply For a Business Credit Card – The Best Financial Products For Your Business!

When you apply for a business credit card there are a few factors to bear in mind. Credit cards are essential to any business, but you could find them costing you more money than they are worth if you do not take the time out to compare and research the various credit cards available on the market.

Business Credit Card Deals

There are many advantages of having a business credit card, where many credit card companies make cards suited to all kinds of business. When you search for a charge card for your business you should look for special offers that will entitle you to discounts on certain goods or services, or could even offer you cash back on the money you spend on your business. Searching for these kinds of rewards really can be a valuable way of saving money.

How to Apply

The easiest way to apply for a business credit card is to fill out an online application. Most of the popular lenders will allow you to do so via a secure server which keeps your details private. It will take about 10-15 minutes to fill in the application and you should know the result in a short amount of time. Using the internet to apply is also useful for comparing card issuers, helping you to find the best deal for your business.

When you apply for business credit cards it is important to bear in mind that the interest rates may be higher on rewards cards, costing you more if you do not pay off the balance each month. However, with a bit of careful searching you should be able to find some attractive deals.

The Financial Products to Be Wary Of

Nowadays, it seems like there’s a financial product for everything – home insurance, credit card protection, critical illness cover even weather insurance. Whilst many products are created with the financial well being of its customers at heart there’s also many products that are misadvertised, missold and sometimes not really necessary.

Life insurance, for example, is often touted as one of the most important financial products on the market today. For people with children, a home or any kind of debt this certainly is the case as making sure your loved ones aren’t left to pay bills in your absence is important. That said, people who do not have dependents or debts of any kind may be better off without life insurance and should take time to consider whether the product they are being sold is really right for them.

When it comes to credit cards, paying off your debt in monthly or lump sums is very important. People with numerous financial commitments or a poor credit history are regularly offered payment protection as a back up in case they cannot meet or even forget to pay of their credit at regular intervals. Some people however, have this unwittingly added to their credit card bills so it’s important to discuss whether this is a product that suits you when taking out your account as well as making sure there aren’t any unspoken added extras.

Finally, one of the biggest causes of complaints to the UK financial ombudsman is income payment protection. Shrouded in small print, many customers of IPP have recently reported being unable to claim on their insurance as the level of cover they have is not sufficient. income payment protection works to safeguard individuals mortgage, loan or other debt repayments in the event of ill health or unemployment. Don’t skip on the small print when taking out a financial product like IPP as it could save you a lot of hassle in the long run!