There are a number of different types of savings accounts available through most banks and building societies, each designed to serve a different saving requirements.
The main savings products consist of:
- Individual Savings Accounts (ISAs)– providing tax free interest on savings of up to £10,680 per year that can be split between cash ISAs and stocks & shares ISAs
- Fixed Rate Bonds – allowing you to fix the interest rate paid on your balance over a specified period of time, protecting you from falling rates
- Savings Accounts – providing variable interest rates that prove to offer competitive interest rates and a range of features and benefits
Before deciding which account is most suitable for your individual saving needs, compare savings accounts to find the most beneficial account for your requirements
Compare savings accounts at Which4U to find the best rates paid on balances, allowing your money to grow faster so you can reach your goal faster.
