Best Interest Savings Accounts
Best Interest Savings Accounts
If you are looking for the best interest savings accounts, it is important decide what sort of flexibility you are going to want to get from your account. There are many instant access savings accounts on the market that allow you 24 hour access to your cash and the freedom to transfer money and make payments and withdrawals at any time, but you can get a much higher rate of interest if you are prepared to leave your money untouched for a fixed period.
Bank and building society savings accounts: With savings accounts you'll always get back at least the money you paid in plus interest at the rate advertised. There's a wide range of accounts to choose from, including:
- Online savers: Internet only based accounts for easy access
- Instant access savings: can make payments, withdrawals and transfer with no notice
- Regular savers: Make regular payments in exchange for a higher AER
- Deposit bonds: Lock your money away for up to 5 years and get high returns
- Trackers: Interest follows the Bank of England base rate
- Notice saver: Normally 30 days notice on withdrawals and transactions and in return for a higher AER
- Benefit from a higher interest rate if you have a notice period for withdrawals
- Mini Cash ISAs: There is no risk to the money and you can save up to £3,000 per tax year into the account and you pay no tax on interest earned.
National Savings and Investments: Savings and investment products backed by the government. Investments are totally secure and options include tax-free investments, guaranteed returns and child savings.
In order to get the best interest savings accounts for your needs, you need to think about what you need from the account in terms of access as well as how much your investment is likely to grow.
Alternatively click on savings accounts advertising links below: