The Money Supermarket… Sounds Interesting, What Is It?
Heard about the money supermarket? Perhaps you are looking to take out a mortgage on your house.
Or maybe you need a new credit card or personal loan to cover unforeseen costs or emergency purchases.
The amount of information out there is dizzying, and the number of companies vying for your business can be absolutely overwhelming.
And of course, you never quite know if you’re getting the best possible deal you could be from each of the financial services you speak to. That is where money supermarket steps in.
About The Money Supermarket?
Money supermarket is a company that takes all the legwork out of shopping around for financial services. This website does cost comparisons of mortgages, credit cards and loans, so you can find the best possible deals and services out there.
You can even apply online for the services and deals that you find. In addition, the company offers home and car insurance quotes.
The History of The Money Supermarket
This company was the brainchild of Simon Nixon and Duncan Cameron. They began the business in England in 1993, but at that time it was on off-line business that provided mortgage information to financial advisors working independently.
In 1997 Nixon and Duncan took their business online with the launch of moneysupermarket.com. At first, the website offered strictly mortgage information, but they have since expanded to include credit card and personal loan cost comparisons as well.
How The Money Supermarket Works
The bright and colorful website is extremely user-friendly and easy to read. Visitors to the site have the option to click on the two central boxes to compare costs on credit cards, savings and loans, or different types of insurance.
Once price shoppers click on the tabs, they are taken to a page that lists all the top companies, and the details about those companies, including interest rates, rewards and product reviews.
In addition, the site offers useful information on choosing the right product, and things to take into account before choosing a service.
Additional Benefits
As an added bonus, site visitors can search for different pricing on a broad range of products, listed at the top of the homepage. These include mobile phones, broadband, travel and vouchers, to list a few.
Money Supermarket claims to have saved Britain GBP513 million just in 2011 alone. For potential cost savings, attractive website layout and easy to use interface, it’s easy to see why The Money Supermarket is a diamond in the rough of cost comparison sites.
