Saving . . . It’s a great feeling isn’t it? You’ve finally got some spare cash and you’re able to put some of it into a savings account for a rainy day – There’s no better feeling that having money in the bank.
But comparing savings accounts isn’t always as easy as you might initially think. Finding the best savings account can often be a very personal matter depending on what you’re looking for and what’s most important to you such as instant access, high interest rates or internet access.
Instant access savings accounts:
An instant access account offers you the peace of mind that if you need access to your savings, you’ll be able to get your money out straight away with no witing or no fuss. This can be a big concern for some people incase of emergency costs springing up and you needing to have access to fast cash. Some accounts tie you in for a period of days which means that you have to give a certain amount of notice to the bank in order to access your funds. This can be very inconvenient for those needing instant access to their savings.
High interest savings accounts:
It’s well documented in the press that the recession, and in particular the low interest rates have been very bad for savers. High interest savings accounts are now much more uncommon than they used to be, however there are still some decent deals available out there, you just need to shop around. Quite often the highest interest rates will come with restricted access accounts but this is one of those things that you have to think about and work out the trade off.
Savings account rates:
Savings rates vary from account to account and bank to bank and are largely dictated by the Bank of England base rate. At present the Bank of England Base Rate is much lower than it has been in the past which means that savers are getting lower interest rates on their savings. However, this shouldn’t put you off saving. No matter what interest rate you account attracts, it’s always good to have cash in the bank.
Internet Savings Account:
Internet banking is now commonplace amongst UK consumers so it’s not really surprising that people are now demanding internet access to their savings accounts. Online access means that you can view your balance whenever you need to and often transfer balances between other accounts.
Savings accounts are available with most high-street banks and building societies like NatWest, HSBC and the Royal Bank of Scotland as-well as a number of specialist lenders.
Savings Accounts
Compare Savings Accounts
Saving . . . It’s a great feeling isn’t it? You’ve finally got some spare cash and you’re able to put some of it into a savings account for a rainy day – There’s no better feeling that having money in the bank.
But comparing savings accounts isn’t always as easy as you might initially think. Finding the best savings account can often be a very personal matter depending on what you’re looking for and what’s most important to you such as instant access, high interest rates or internet access.
Instant access savings accounts:
An instant access account offers you the peace of mind that if you need access to your savings, you’ll be able to get your money out straight away with no witing or no fuss. This can be a big concern for some people incase of emergency costs springing up and you needing to have access to fast cash. Some accounts tie you in for a period of days which means that you have to give a certain amount of notice to the bank in order to access your funds. This can be very inconvenient for those needing instant access to their savings.
High interest savings accounts:
It’s well documented in the press that the recession, and in particular the low interest rates have been very bad for savers. High interest savings accounts are now much more uncommon than they used to be, however there are still some decent deals available out there, you just need to shop around. Quite often the highest interest rates will come with restricted access accounts but this is one of those things that you have to think about and work out the trade off.
Savings account rates:
Savings rates vary from account to account and bank to bank and are largely dictated by the Bank of England base rate. At present the Bank of England Base Rate is much lower than it has been in the past which means that savers are getting lower interest rates on their savings. However, this shouldn’t put you off saving. No matter what interest rate you account attracts, it’s always good to have cash in the bank.
Internet Savings Account:
Internet banking is now commonplace amongst UK consumers so it’s not really surprising that people are now demanding internet access to their savings accounts. Online access means that you can view your balance whenever you need to and often transfer balances between other accounts.
Savings accounts are available with most high-street banks and building societies like NatWest, HSBC and the Royal Bank of Scotland as-well as a number of specialist lenders.