Useful Websites: No.3

krizon

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The Internet is a wonderful thing - it makes it so much easier to search for a good personal finance deal, says Naomi Caine in The Sunday Times. The number of comparison sites has exploded, but you need to exercise caution: some sites don't cover the full spread of the market and their objectivity may be compromised. Here are three of the best:

www.switchwithwhich.co.uk Several sites compare energy prices and suppliers, but this one is truly independent because it doesn't take any form of advertising. The site generates revenue when you switch supplier, but the money goes towards Which's consumer campaigns.

www.moneyfacts.co.uk This site provides a comprehensive comparison of credit cards, mortgages, savings and bank accounts - and weeds out savings firms that bump up their rates with a short-term bonus. There are ads on the site, but Moneyfacts doesn't make money from clicks, so it cannot be tempted to manipulate results.

www.insurancewide.com Gets quotes from almost every insurer - including Tesco and Direct Line, which rarely appear on other comparison sites. It also generates revenue only from successful clicks, so there's no incentive to post ludicrously cheap quotes that will never translate into genuine premiums.

(From 'The Week')
 
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