Personal Finance: Get the lowdown on savings and loan rates

MONEYEXTRA is a new venture for The Exchange, a company that specialises in supplying electronic information to independent financial advisers (IFAs). Until now financial advisers have had access to information not usually available to members of the public, including detailed data on the performance of investments, interest rates and the costs of assurance policies.

With MoneyeXtra, The Exchange is making a large percentage of that information available to anyone with an internet connection. MoneyeXtra holds up to date information on mortgages, savings accounts, investment returns and loan rates. The service runs as a standalone website via links from Money 99, Microsoft's personal financial planning software.

It has sections on home buying, investment, planning for retirement, business and "smart money", which lets users compare deals for loans, savings and current accounts.

Parts of the site are only available to registered users and the navigation between sections is less than clear. Other parts of the site appear to be aimed at financial advisers rather than individual consumers: the news section, for example, contains general business rather than personal finance stories.

Each section, including the mortgages, savings and investment areas, has a search engine that will bring up a comprehensive list of best buys based on some basic information about the user's requirements.

For example, according to MoneyeXtra, a saver looking to invest pounds 2,000 in an instant access account would receive the best rate from egg, followed by the West Bromwich and Britannia building societies.

In the same way, the system can search for mortgage rates, or personal loan prices. The Smart Money section also includes information on current account and credit card rates. In each case The Exchange's computer supplies extensive lists of suitable products, with the best deal first. This works well for anyone planning to open a new account or to take out a new investment.

For existing savers the site would benefit from a shortcut that displays an account's relative positions against rivals, instead of making users scroll through the tables.

Registered users of MoneyeXtra can use the site to track their portfolios, including stock market investments and funds, as well as cash savings. Although a growing number of investment houses offer fund tracking on their websites, MoneyeXtra is independent, so users can include details of all their holdings, even down to their current account balances.

MoneyeXtra provides its users with much of the information they need to plan their finances. For internet users who want more advice the site has links to independent financial advisers, including the facility to search for an adviser by location. MoneyeXtra has plenty of links promoting independent advice - a consequence of The Exchange's main business - but there is no need to have an adviser to use the site.

Wisemoney.com is another new, independent, on-line personal finance site. Users can request a quotation for professional indemnity insurance on line, or apply for a personal loan or commercial mortgage. For other products, such as buildings, contents, travel and motor insurance, the service works by e-mailing for a quote. Wisemoney plans to add these products to its on-line database this month. As an opening offer, users who take out a policy, register, or link to the site from their own websites are eligible for a free Orange mobile phone.

Links: MoneyExtra, http://www.moneyextra.com; Wisemoney, http://www.wisemoney.com

News
Michael Buerk in the I'm A Celebrity jungle 2014
people
Arts and Entertainment
Avatar grossed $2.8bn at the box office after its release in 2009
filmJames Cameron is excited
Voices
File: David Cameron offers a toast during a State Dinner in his honour March 14, 2012
voicesAnd nobody from Ukip said babies born to migrants should be classed as migrants, says Nigel Farage
News
Jeremy Paxman has admitted he is a 'one-nation Tory' and complained that Newsnight is made by idealistic '13-year-olds' who foolishly think they can 'change the world'.
peopleThe idea has been greeted enthusiastically by the party's MPs
PROMOTED VIDEO
Arts and Entertainment
Stik on the crane as he completed the mural
art
News
Happy in his hat: Pharrell Williams
people
Arts and Entertainment
Stella Gibson is getting closer to catching her killer
tvReview: It's gripping edge-of-the-seat drama, so a curveball can be forgiven at such a late stage
News
Brazilian football legend Pele pictured in 2011
peopleFans had feared the worst when it was announced the Brazil legand was in a 'special care' unit
News
i100(More than you think)
Sport
Brendan Rodgers seems more stressed than ever before as Liverpool manager
FOOTBALLI like Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
News
ebooksNow available in paperback
News
The number of GP practices with 10 or more doctors has grown by 75 per cent
science
News
Phyllis Dorothy James on stage during a reading of her book 'Death Comes to Pemberley' last year
peopleJohn Walsh pays tribute to PD James, who died today
Sport
Benjamin Stambouli celebrates his goal for Tottenham last night
FOOTBALL
Life and Style
Dishing it out: the head chef in ‘Ratatouille’
food + drinkShould UK restaurants follow suit?
News
peopleExclusive: Maryum and Hana Ali share their stories of the family man behind the boxing gloves
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Argyll Scott International: Service Desk Analyst

£20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...

Argyll Scott International: 2x Service Desk Analyst

£20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...

Recruitment Genius: Senior Execution Trader

£30000 - £250000 per annum: Recruitment Genius: A global Rolling Spot FX, Comm...

Citifocus Ltd: ACA - Financial Reporting

£Attractive Package: Citifocus Ltd: Chartered accountant (ACA or CPA), must be...

Day In a Page

Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game