Football fans have been warned not to expect match winning returns if they invest their money in an affinity account.
Fans across the country will be counting the days down until the new football season begins, with the new Premiership campaign starting in a few weeks, and the Football League kicking off next weekend.
But Moneyfacts.co.uk research shows that fans shouldn't count on scoring a stand out rate if they choose to save their money in an account linked to their beloved team.
Affinity accounts allow fans to support their side's finances by donating an annual percentage of the account's balance into the club's coffers.
The amount fans donate is usually between 1.00% and 1.25% of the account's balance.
The accounts are more suited to die-hard fans, however, as the rates on offer are more non-league than Premiership.
There are currently 63 football affinity accounts on the market offering savers the chance to show loyalty to their football club whilst investing money.
But the highest rate on offer strands at just 1.00% and is available on just two accounts – the Donny Rover Saver for Doncaster Rovers FC and the Leeds United Saver, both of which are operated by Leeds Building Society.
But many of the accounts pay far less, with accounts for the likes of Premiership giants Manchester United and Chelsea – two of the wealthiest clubs in the world – paying a measly 0.12%.
Fans of Premier League new-boys Norwich City can expect to get just 0.1% in interest – a rate that will have Canaries fans choking on their Delia inspired match pies.
"Unfortunately, the interest rates paid on affinity accounts can be disappointingly low compared to standard savings accounts," Louise Holmes, spokesperson for Moneyfacts.co.uk, commented.
"The current best no notice account rate is 3.11%, compared to the best affinity account rate of 1.00%.
"Despite this, many devoted supporters are happy to forego a competitive return on their savings, in return for supporting their football club which is particularly good news for smaller teams who may be struggling financially.
"The majority of football affinity accounts are offered by local building societies for regional clubs, although there are also accounts for followers of the big Premiership names such as Chelsea, Tottenham Hotspur and Manchester United.
"As well as supporting their clubs financially via their savings funds, affinity accounts tend to offer fans additional perks such as season ticket and club shop discounts."
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