Moneyfacts.co.uk has been praised for its clarity by the Sunday Times regarding its best buy tables.
A report by the paper highlighted that whilst it has commercial deals with some providers, Moneyfacts.co.uk always lists the genuine best buy products for its customers, whilst some other comparison websites were found to purely recommend financial products on a commercial basis.
The paper stated that: "Websites such as Moneysupermarket, Compare the Market and GoCompare, which advertise extensively on television and online, generate substantial profits from households trying to cut costs".
"Moneyfacts has commercial deals with some companies, but this is made clear to the consumer."
Best buy positions are in no way affected by any commercial deals that Moneyfacts.co.uk has with providers.
Moneyfacts.co.uk was found to be one of the only comparison sites to show Virgin Money's Fixed Rate Bond Issue 5 at 3% as the 'true' market-leading five-year fixed-rate bond. Other sites listed Vanquis Bank at the top of their best buys with a rate of 2.56%.
Compare the best savings rates1 year fixed rate bonds2 year fixed rate bonds 3 year fixed rate bonds4 & 5 year fixed rate bonds
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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