Looking for a savings account? Your first stop is The Motley Fool’s Savings Centre. We’ve got all you need to compare UK savings accounts and apply online. You can use our search tool find the exact savings account you’re looking for, or choose from our top savings accounts.
We all know we should save, but what most of us don’t know is the difference between saving smart and plain old saving. A good savings account should be more than just a safe place to tuck your cash. A good savings account should be a place you put your money so it can grow.
How does a savvy saver like you tell the difference between a good savings account and any old savings account? It starts with deciding what kind of savings account you’re looking for, from a regular savings account to a tax-free savings account to a term or bond account. Once you know what kind of savings account you’re looking for, the next step is finding the best buy savings account within that category of account. For this you’ll want to consider the rate of return, or how much interest your savings account gives you, and how it gives you that interest. Almost without exception, the best savings accounts are the ones that offer the highest interest rates, but you will find that you can get more interest for your saved money if you’re willing to tie your savings in for a set amount of time – like with a term deposit. However you save, be certain to search, compare, and choose carefully to find the best buy savings account for your needs.
Below you will find a list of some of the most popular savings accounts.
A regular savings account is generally the most popular savings vehicle, as it often allows the saver the most flexibility. A regular savings account generally allows you to save as little or as much as you like each month. Regular savings accounts also tend to offer easier access to your savings - some accounts will even offer a cash card of some description, which means you are always able to withdraw when necessary.
Due to their easy accessibility, standard or regular savings accounts rarely offer the best interest rates in the market place, and there are sometimes limits as to maximum overall investments. You will be able to compare savings accounts and their respective terms in our savings comparison table below and throughout the tabs.
