bonkers.ie reveals that Irish households could save over €500 in just 15 minutes

• Call on Irish consumers to find best deals and switch
• Tips and money saving tools on bonkers.ie

In just 15 minutes, cash strapped Irish consumers could identify and act on savings of over €500* per year, according to new personal finance and price comparison website bonkers.ie. According to the service, which was launched today, Irish householders are missing out on millions of euro worth of savings every year by not taking advantage of the best deals available.
bonkers.ie is a free-to-consumer, impartial online comparison and switching service which helps people find the best deals across a range of areas from home utilities to personal finance products. The site offers a selection of simple tools and calculators to empower people to find the best deal to suit their circumstances. The service also enables people to switch providers at the click of a button.
Commenting, Simon Moynihan, Communications Director with bonkers.ie said “New deals emerge every day but the complication and time commitment needed to truly find the best offers puts people off taking any action. We take the pain out finding the best deals by providing thorough in-depth research and smart tools and calculators so people can save time, find the right product for them and make the switch, all in one visit. It’s fast, it’s free to use and makes finding the best deals hassle-free.”
In addition to offering simple-to-use calculators which detail how much people could save, the site also takes account of individual inclinations and allows people to set preferences that focus on product differentiators such as risk, deposit periods and rates.
David Kerr, Managing Director, bonkers.ie commented “We constantly scour the market for the best deals. For example, switching to a no-fee, interest paying current account could net customers over €100 a year, taking advantage of the best savings rates could add over €300 to that, and for electricity customers that have never switched, average savings of over €120 are possible. Even those who have already switched electricity supplier may find their bills increasing as they come off introductory first year discounts – at bonkers.ie, they can maintain those savings by switching again. Overall, our research shows that Irish households could make gains of over €500 per year and it shouldn’t take more than 15 minutes.”
Mr Kerr added “The banking sector has gone through huge changes this year. For instance, there are over 200,000 Halifax and Postbank customers that may need to find a new current account. By using bonkers.ie, anyone can quickly find and switch to an alternative provider. Not only that, but the Irish Banking Federation’s Switching Code helps ensure that all direct debits and standing orders are transferred to new current accounts on the customer’s behalf, making switching easy.”
Bonkers.ie has launched with a range of comparison services for electricity, savings accounts, current accounts, credit cards and personal loans. New comparison services will be added in the coming months and new deals and tips are added daily to the site, to facebook and through twitter.
Savers can now also get daily information on saving by following http://twitter.com/bonkers_ie and on Facebook http://www.facebook.com/bonkers.ie