Savings bank accounts vary in what they offer, such as interest rate, how regualrly you want to pay into the account, how much you can deposit and how easily you can access your money. The different savings bank accounts available include:
- No Notice Accounts - Instant access to your money without having to give notice
- Notice Accounts – Notice must be given before you are allowed access to your cash, but pays a higher interest rate
- Monthly Interest Accounts – Top up your income or make your money grow faster
- Regular Savings Accounts – Deposit a set amount each month by direct debit and get a higher interest rate
- Over 50s Accounts – Can include a bonus and offer a higher rate of interest.
- Children’s Accounts – Have higher interest rates than standard savings accounts, and are tax-free
- Fixed Rate Accounts – Fixed returns for investing for a pre-determined period of time
- Cash ISAs – Tax-free savings that can offer a higher interest rate than standard savings accounts
Before deciding which saving bank account to go for, compare deals and ensure you find the best one for your requirements.
