Are your savings working as hard as they could be? Here’s a couple of neat websites that compares the whole savings market…

There’s no doubting it – the internet has made shopping around for the best deals on these really easy. But unlike shopping for TVs, trainers or phones, when it comes to savings accounts you can’t just rely on your favourite “brand”. Comparison sites have sprung up all over the place, helping people to find better deals on everything from hotel rooms to financial product like insurance.

However some of these sights are rather limited in their scope, and it’s difficult to know if they’ve found you the best deal on the market, or only the best deal that will pay them a commission. There are a couple of independent sites out there who can help you track down the best the whole marketplace can offer.

One website that I’ve been using since I was knee high to a grasshopper (well, since the mid-90’s when it was actually a paper magazine – seeing as how the internet was barely out of nappies) is http://www.moneyfacts.co.uk. They cover the entire market when they publish their “best buy” tables. They are up front that they still earn commissions from any link you click that’s green, but they only base their best buys for savings on the interest rate you can earn, and nothing else.

They also give you loads of information about the accounts, and split them into different types (easy access, bonus, regular savings, notice accounts, and more), which means it’s fantastically easy to find the best account for your needs from over 1,600 that they list.

Another well-respected independent site is MoneySavingExpert.com. This site was originally developed by personal finance journalist and broadcaster Martin Lewis (who is still the executive Chairman) and has grown into a huge site full of great ideas to be savvy with your money.

As well as great advice on how to manage debt, make your money go further and navigate life’s sometimes choppy financial waters, the site’s researchers also scour the lending and saving markets every day to bring you their “best buys” on savings products, breaking them down into product types making it easy to choose the right deal for you. Like MoneyFacts they also cover loans, credit cards and mortgages.

MoneySavingExpert makes their money from commissions they take from any products they show that are marked with a “*”, but again they expressly state that they look for the best deals first, then look to see if there’s a commission link available. This allows them to recommend products from providers like the supermarket banks who don’t offer commissions and therefore don’t appear on many of the comparison sites out there.