Good headline rates on savings accounts may not be as financially promising as they seem, one price comparison website warns.

Kevin Mountford, head of savings with moneysupermarket.com, highlights that financial services companies are increasingly cross-selling products, meaning that a good savings deal may only be available to customers who agree to take out an accompanying product that is less good value.

"These accounts tend to offer a market-leading proposition on the basis you take on another product with the same provider, which may not be such good value," Mr Mountford explains.

While linked accounts may offer good deals, the expert says that their variety makes examining the small print an especially important measure.

"The number of options and breadth of linked savings accounts is greater than ever," he comments.

According to the Thrifty Scot, people with money problems may find a secured loan is an effective solution.
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