Notice accounts: These accounts tend to offer higher interest rates, but you can’t access your cash instantly. You need to let your bank know that you want to withdraw some savings, normally with a notice between 30 and 120 days.
Internet accounts:If you are confident with the web, these accounts could be ideal. Requiring less money to run (as you can only manage your money online, not in branch or over the phone), they can offer very competitive interest rates.
Regular savings accounts:If you tend to have money left over at the end of each month, or want to get into the habit of regular saving, this account is for you. You’ll need to agree to pay a set amount into the account each month, and often won’t be able to access your money for a year, but interest rates tend to be higher.
Specialist accounts:Some providers offer special deals for over 50s and children, with different features to complement specific lifestyles and savings goals.