Eight ways to save and make money


When it comes to saving money, we often think about cutting back on regular spending and turning down the heating – but it’s important not to neglect the core financial accounts we all use and rely on.

From mortgages to bank accounts, savings deals, investment accounts and insurance, it’s possible to not only save money but also get your personal finances in order and make sure everything is working as hard as possible for you. 

ThisisMoney.co.uk is the sister financial website of The Mail on Sunday and Daily Mail and has been dedicated to helping readers save and make money ever since it started in 1999.

We’ve guided readers through the dotcom bust, the 2007 financial crisis, the Covid pandemic and now the cost-of-living crisis.

ThisisMoney.co.uk is the sister financial website of The Mail on Sunday and Daily Mail and has been dedicated to helping readers save and make money ever since it started in 1999

Each day, This is Money brings readers the latest financial news as it happens – and, just as importantly, explains what it means for them. But the site isn’t only about breaking news: it’s also about bringing readers the advice and tools they need to manage their finances successfully. 

We have built up a library of guides reviewing the best deals, and work with a carefully chosen selection of partners who can help find the right financial products for you.

Here are eight ways This is Money can help you to save and make money.

1 Move to a higher savings rate

Big banks and building societies have a bad habit of paying savers rock bottom rates – sometimes as low as 0.1 per cent.

The good news is you can get a much higher rate than this on your savings by tracking down a better account. For example, the best easy-access rate from Cynergy Bank pays 1.32 per cent. Unfortunately, you won’t beat inflation at nine per cent, but getting the best possible interest rate at least limits its harmful effect on your wealth.

This is Money’s independent best-buy savings tables are updated daily and feature all the best deals, from easy access to fixed rates. 

Find them at thisismoney.co.uk/save.

Big banks and building societies have a bad habit of paying savers rock bottom rates – sometimes as low as 0.1%. The best easy-access rate from Cynergy Bank pays 1.32%

Big banks and building societies have a bad habit of paying savers rock bottom rates – sometimes as low as 0.1%. The best easy-access rate from Cynergy Bank pays 1.32%

2 Find the right mortgage

A mortgage is often our biggest monthly bill and it’s important to make sure that you are paying the cheapest possible rate and have the right home loan for you.

The Bank of England has raised the base rate four times since December, from 0.1 per cent to one per cent, but most borrowers are on fixed rates and so aren’t immediately affected. But if you are coming to the end of a fixed deal, it pays to look around now, as it’s possible to lock into a new mortgage up to six months ahead.

Our mortgage calculator can compare rates, depending on your house value and mortgage size. 

Check your results at thisismoney.co.uk/mortgage-finder.

3 Get a better deal on your bills

The energy market crunch means that not only are prices spiking but it is all but impossible to switch and save on gas and electricity.

However, it is still possible to save money on some of your other bills.

One element of our household finances that we rarely switch but can often find a better deal on is broadband, TV and phone packages. 

Our tool at thisismoney.co.uk/broadband lets you compare prices.

Insurers have been ordered by the Financial Conduct Authority watchdog to stop charging loyal customers more than new customers at renewal time. Nonetheless, it’s always worth checking if you can save. 

Check out our ten tips to save on car insurance at thisismoney.co.uk/car-insurance.

4 Switch bank accounts

Another financial product we tend to stick with for years is our bank account. Yet, switching current accounts can not only get you one better suited to your needs but also bring juicy perks, such as higher interest rates on linked savings accounts, and cash bonuses for signing up.

Read our regularly updated pick of the best current accounts at thisismoney.co.uk/current.

5 Use a top investment platform

Making money is as important to our readers as saving money and many have DIY investment accounts, stocks and shares ISAs and self-invested personal pensions. Picking the right investment platform is essential and it can depend on how regularly you invest, if you want a helping hand, and whether you hold shares, funds, investment trusts or a mix. Cheapest isn’t always best, but you can save substantial sums by moving DIY investing platform. 

Read our reviews and comparisons at thisismoney.co.uk/platforms.

6 Get a credit card that works for you

Credit cards remain a popular feature in our wallets, but the best deal depends on how you use yours. If you are paying down debt, then a long zero-interest balance-transfer deal is important, while other cards are better for spending, and there are some top deals for perks, such as collecting airline points. 

Read our pick of the credit cards on offer at thisismoney.co.uk/best-cards.

Credit cards remain a popular feature in our wallets, but the best deal depends on how you use yours

Credit cards remain a popular feature in our wallets, but the best deal depends on how you use yours

7 A podcast to keep you in the picture

Every week, This is Money’s podcast discusses the stories you need to know about. On it, I am joined by Georgie Frost and another member of the This is Money team to talk through what is going on in the financial world and what it means for you. 

It has more than 130,000 listens a month and you can find it wherever you choose to listen to podcasts, including on Apple Podcasts and Spotify, or at thisismoney.co.uk/podcast.

8 Money-saving tips and tools

Our Save Money, Make Money section is regularly updated with the latest money-saving tips and guides, including those from The Mail on Sunday’s Wealth and Personal Finance team of journalists.

It also features links to This is Money’s tools to help you compare prices and our reviews of the best deals. 

You can find it at thisismoney.co.uk/savemoney.

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