When choosing which deals should be awarded a five or four star rating, a team of independent experts at Moneyfacts will looks are a range of features on hundreds of products to decide which offer the best deal for consumers. As such, when looking at products awarded a star rating, consumers can be confident that they are the best deals on the market.
Commenting on the 2022 personal current account and personal credit card star rating announcement, Samantha Owens, Star Ratings and Personal Finance Analytics Manager at Moneyfacts, said: “After a year of changing personal circumstances, getting the foundations of personal finance can help ease some of the pressure.
“With providers both withdrawing from and launching into the current account market, customers need to be on the lookout for the best account available to them, that both meets their needs and offers them the most in return for their loyalty. The Moneyfacts Annual Star Ratings take away some of this hard work, allowing customers to focus their attention on the most complete products.
“In addition, with the added protection on spending available with a credit card, ensuring the card offers the most in return on the monthly spend or save the customer on long term costs will be a helping hand with the Moneyfacts Annual Star Ratings highlighting the products with the most benefits.”
