Looking for an instant access savings account? Use our comparison table to compare and apply online for the instant access savings account that suits your requirements.
Everyone knows that saving is very important. But all too many people just stick their hard-earned into whichever savings account their bank offers them. What’s worse than that is often they then forget about it.
Banks like to pay poor rates of interest and to reduce their interest rates on savings accounts over time. That’s why it is essential to make sure that you get a good rate when you first open your savings account and also to review the rate you are getting to make sure that it is still one of the best. Our savings account comparison tables will help you do just that.
The first thing a saver needs to decide is what sort of savings account they need. These days you can get seriously good interest rates without locking your money away. If however you are sure that you won’t need access to your savings for a while then you may be able to get an even higher rate of interest from a notice or fixed rate savings account.
For the very highest interest rates from a savings account you need to consider a Regular Savings account. These are very high interest rate savings accounts which are also very restrictive.
If you are saving for your children - or your kids want to start saving themselves- there are various children’s savings’ accounts to choose from. You can use our Children’s Savings account comparison table to choose and apply for the best child savings accounts online.
If you have children born after September 2002 then you will already have a Child Trust Fund (or at least a voucher for one). Child Trust Funds are a special tax-free savings account into which you may pay up to £1,200 a year and can only be accessed by your child and only at the age of 18.
The savings account that everyone over sixteen should have is the Mini Cash ISA. These accounts pay interest tax-free on up to £3,000 a year (in 2007/8). Use your tax-free allowance each year or it will be lost.
Self-select ISAs enable you to invest in the stock market through shares or investment funds like unit trusts and receive your gains free of capital gains tax. Use our Self select ISA comparison table to choose the right savings plan for your needs.
However you save, be certain to search, compare, and choose carefully to find the best buy savings account for your needs.
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