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New banking costs comparisons resource launched online

The National Consumer Agency has launched the resource, which is available on its website.

File photo
File photo
Image: Gareth Chaney/Photocall Ireland

THE NATIONAL CONSUMER Agency has launched a new banking cost comparisons resource.

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, launched the resource, which the NCA says is designed to help consumers compare offers available on current accounts, loans, savings products, mortgages and credit cards.

The cost comparisons cover 10 product categories and the NCA says that they are 100 per cent impartial.

It also says the information is up-to-date and the data is supplied directly to the NCA by participating financial institutions.

Minister Bruton commented:

At a time when many consumers need impartial and comprehensive financial information, the new NCA banking cost comparisons are very welcome. Easily accessible and transparent information to help people manage their personal finances is critical and I commend the NCA for producing a resource that will meet this vital consumer need.

In addition to the cost comparisons, the NCA is also introducing a Clearing your Credit Card ready reckoner.

This helps users to work out how long it will take to pay off existing credit card debt with their current provider and allows them to compare this with the time it would take if they switched the outstanding amount to a different card.

The cost comparisons also contain a large amount of additional product information, including links to related areas of the NCA’s personal finance website www.itsyourmoney.ie.

The new cost comparisons replace the existing banking comparisons on the NCA’s personal finance website itsyourmoney.ie and are available on www.nca.ie

Visit the National Consumer Agency website>

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