Moneysupermarket: Switch now to save for Christmas

Financial advice website moneysupermarket.com has advised consumers to consider switching their financial products, claiming that there is almost £1,000 to be saved between now and Christmas.

Over the course of a year, customers could purportedly make themselves nearly £6,000 better off with some careful financial planning.

In the credit card sector, moneysupermarket.com points out that there are still many nought per cent offers available for balance transfers and purchases.

Consumers are also warned that, while store cards may offer some short-term benefits in the form of discounts and freebies, they invariably charge uncompetitive rates of interest in comparison to many credit cards.

The site also explains that there are savings to be made on mortgages, personal loans and insurance if customers are vigilant and make the effort to examine the market fully.

Stuart Glendinning, managing director at moneysupermarket.com, said: "A family with a typical financial portfolio could save £967.35 in time for Christmas, or £5,646.11 over a year.

"Many people find the Christmas period costly, so the last thing they’ll want is to be strapped for cash come the festive season. A bit of planning now means they can make some significant savings in time to relish the festive season."