Finding comparethemarket.com's best savings account deals
When you’re considering where to put your money, there are a few things to consider. Do you need instant access to the money? Have you taken full advantage of your tax free ISA allowance? How much risk are you willing to take with your savings?
With an instant savings account or instant savings ISA you can withdraw your money when you need to but these often pay low rates of interest. If you want to earn more interest on your savings you may want to take out a fixed account but in return you’ll need to be able to lock your money away from between 1 to 5 years.
If you choose to save in a savings account and you’re a tax payer, you may have to pay tax on the interest if the amount you earn is above your Personal Savings Allowance of £1,000. With an ISA, any interest you earn is tax free so this is usually the best place to start.
Have a look at the savings account deals we offer at the moment and see which one is best for you.