The Competition and Consumer Protection Commission has launched a new Money Tools campaign which aims to provide consumers with information on how to compare and switch various financial services including mortgages, current accounts and credit cards.
The CCPC Money Tools allows consumers to quickly and easily compare features, including maintenance fees, charges and interest rates, across all of the major financial providers.
All of this comparison and consumer information is independently provided.
Minister for Trade Promotion, Digital and Company Regulation Robert Troy said an excellent feature of the Money Tools are the different calculators, including mortgages calculator, extra mortgage payments calculator, spending calculator and budget planner.
“By using these calculators, consumers can see how much money they could potentially save,” Robert Troy said.
Mr Troy said that for many people, the impact of the Covid-19 pandemic has served as a catalyst for change, in terms of how they manage their money, as well as consumer attitudes to switching providers in order to seek better value in the market.
“In order to support consumers in making informed choices about their personal finances, the CCPC devised this consumer information campaign aimed at promoting their free, independent Money Tools,” he added.