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Savings error in the latest newsletter
Reaper
Posts: 7,357 Forumite
The current newsletter has a big heading saying "New Top Quick Fix Savings: 3.5% for 9mths or 3.3% for six"
Unfortunately this is bad advice. People who want to save for 6 months/9 months/1 year would do better to take out a 3 year savings policy with Newcastle at 4% which allows penalty free withdrawals at any time after giving 90 days notice.
The Top Savings article, supposedly updated daily, is likewise ignorant of this great account.
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Thread discussing it
Unfortunately this is bad advice. People who want to save for 6 months/9 months/1 year would do better to take out a 3 year savings policy with Newcastle at 4% which allows penalty free withdrawals at any time after giving 90 days notice.
The Top Savings article, supposedly updated daily, is likewise ignorant of this great account.
Direct link
Thread discussing it
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Comments
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Hi thanks for pointing that out - we remember newcastles last incarnation of this and will check it out and update the article tomorrow am assuming it checks out as you say
(we hadn't spotted it yet - we try our best, but occassionally things slip away- generally the quickest way to point it out is brokenline AT moneysavingexpert.com )Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
Thanks for the response and tip on how to let you know in future, I wasn't sure how to do it. I had "liked" the thread where it was being discussed but I know that only gets notified to you if enough other people do the same thing.0
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