If you are already a Smile current account holder you may be able receive more competitive interest rates on Smile savings accounts, but accounts are also open to new customers.
Smile savings accounts may include:
- Cash ISAs offer tax-free saving
- No-notice accounts that allow instant access to savings
- Fixed term deposit account offering a guaranteed fixed interest rate
- Cash card provided allowing access to savings via cash machines, as well as online
Different providers offer different incentives, such as higher interest rates and varying withdrawal and deposit conditions on savings accounts; you can also find regular saver accounts and ones that reward you with higher returns for larger single investments.
Structured deposits offer capital protection similar to savings accounts but with the potential for competitive returns. The returns are not normally guaranteed, but linked to the performance of a particular market, such as the performance of the FTSE 100 Index.
See the table below for some examples of structured deposits currently available: