Savings are the money you might need to get at quickly or money you are setting aside for a purchase or expense that you know will come up fairly soon (like a holiday or a deposit on a house). Here we plan to give an overview and lead you to places where you can find the best deals and information.
The main types are Banks and Savings accounts, ISAs, National Savings and Credit Unions.
Probably the most widely held of all financial products. These can range from non-interest paying current accounts to those which pay good rates. They can include debit cards and cheque books and can be used with direct debits and standing orders. Current Accounts.
Find out the different types of Savings Accounts for your short-term to medium term savings and investments. You must decide if you are going to save regulary or are willing to give notice to withdraw savings. For more information and to find out what might suit you check out our Savings Accounts Information.
What is an ISA? ISA stands for Individual Savings Account. ISAs are accounts which can be used to hold many types of savings and investment products. These are strictly regulated and have maximum levels of investment for each tax year. For more information on ISAs click here.
The Child Trust Fund (CTF) is a government initiative aimed at ensuring that in the future all children have a financial asset at the start of their adult life. These can either be savings or investment based. All newborn children are now eligible. Find more information on Child Trust Funds.
The information and websites listed on this page are for your information and convenience of searching and do not include all the possible sites. Savings Advice does not endorse any particular website and is not responsible for the content of the sites listed. Savings Advice will not mediate or get involved in any disputes or problems regarding the quality of advice or financial loss thorough any of the websites listed on this page. If you are unsure about the service offered by any of the sites listed, please check them with the Financial Services Authority. Savings Advice does not offer financial advice and is not tied to any particular financial institution.