Debit cards that allow clients to manage their money in an everyday account while earning the high interest rate of a money market fund are now available, with Sanlam launching this industry first.

Susan van Staden from Sanlam Personal Finance: Strategic Business Development said on Wednesday: "Thr

Sales fever has hit the high street over the last week but as well as bargains on clothes and electronics, the new year can also be a good time to grab decent deals on your finances.

A number of banks and building societies have launched new rates on savings accounts, credit cards and mortgages. But these rarely come free of pitfalls, so it is worth paying attention to the small print.

Barclays tops the poll

The options include index and actively managed funds, but the actively managed funds are not individual funds. They are portfolios of funds that contain so many funds — up to 19 in some cases — that they could end up performing a lot like index funds. Or worse when you take into account their higher fees.

For better or worse, many of Fidelity’s best-known funds — Magellan, Contrafund, Low-Priced Stock, Diversified International — are not in the plan. It d