Make your money work
harder for you
Make your money work harder for you
Saving accounts are not a qualifying product; however, compare savings accounts now and find the right one for you.
Times are hard, which means it can be tricky to save at all – currently a quarter of British adults have no savings. And with the low interest rates, it makes it even more important that if you do manage to put money aside, it needs to work hard for you. Here’s our guide on how to find the right savings account.
This table doesn’t cover all the options, but it should give you an idea of the main types of savings accounts out there.
Don't forget, if you only have a small amount to save, some current accounts will pay higher rates of interest on balances up to a certain level – so may be worth considering. But you’ll need to be disciplined and make sure you don't spend the cash that’s sitting in your account. It might be worth switching anyway and opening a savings account too. Compare current accounts.
You might see some savings accounts offering high interest rates as incentives for new customers – but once the introductory period is up, you can be left with an interest rate that’s much lower. It’s often a good idea to stick around for the introductory rate, then compare and switch again. Always check the terms of the introductory rate, as certain things can mean you lose it - for example, if you withdraw money before the end of the introductory period.
You don’t need anything to get started – once you’re ready to apply for an account, you’ll need to have the basics to hand – your address, occupation and current bank details. If you want to open an ISA you will need your National Insurance number. Some savings accounts require a minimum deposit to open.
Start comparing now to find a savings account that gives you the interest you want and the features you need. Compare savings accounts.