There are a number of accounts available to house your savings investments, allowing you to get the most from your money and helping your funds to grow.
Whether you're just looking to start saving, or you have a nest egg that you need a safe home for, Which4U can help. There are three main types of savings investments accounts and these are Savings Accounts, Fixed Rate Bonds/
Fixed Bonds and Individual Savings Accounts (ISAs).
Savings Accounts can be used to deposit a lump sum to grow through high interest rates, or to make regular deposits to save towards a goal. These accounts offer some great features and benefits, allowing you to choose the perfect home for your savings that suits your financial needs.
Fixed rate bonds are more suited to those that can afford to lock money away over a specified period of time at a fixed interest rate that is not affected by changes to the bank rate. This is great if rates fall, but can be risky as rates could rise, leaving your savings earning a lower rate.
ISAs should be the first port of call when saving, as these accounts shield you from having to pay any tax on your interest, allowing you to get better returns on your investment. There are two types of ISAs, cash ISAs and stocks and shares ISAs. For more on ISAs, see Which4U's
ISA page
