Below you can find a variety of savings accounts. Savings accounts are the most straightforward way of putting money aside for the future. Whether you want to gather capital for your – or your child's – future, a good savings account offers a range of excellent features to help you on your way. A savings account is where you can safely put your money where it will earn interest over time, Use the chart below to compare savings accounts and the important factors including interest rates. You may already have a savings account set up – but perhaps there are better accounts on the market which could be giving you more for your money. Take your time to weigh up the pros and cons of the different savings accounts and see which one is best for you.
Compare Savings Accounts
The easiest and safest way of putting money aside for the future is with a Savings Account.
Why is saving important?
Saving money for the future is becoming more and more important. There are many reasons why people choose to save money. It could be that you want to start saving for something specific like a car, wedding, a new home or even your children’s university fees. Many people also choose to save so that they can be sure they are secured should anything unexpected happen like they lose their job or emergency home or car repairs are required. Savings accounts are a great way of saving for the future and being prepared for any unexpected emergencies.
What is a Savings Account?
If you want to put money aside then a savings account is a really safe and convenient way of doing this. With a savings account you can help your money grow because it will earn interest over time. Savings accounts are a really easy way of growing your personal fortune and there is little risk involved which makes them a very popular way of storing you money and helping it to grow.
What is the interest rate?
The interest rate is really important to consider because it is the rate that your money will earn. You need to shop around for a savings account that offers the best interest rates because the better the rate the more you will get for your money. Think about whether you want a fixed interest rate or if you don’t mind for it to vary. You may also be given the decision as to whether you want the interest paid monthly, quarterly or annually. Some account providers even give you the option of compounding interest daily.
Choosing the right account for your money
When choosing a savings account consider firstly how much you want to save for, for how long and how much money you can afford to save on a monthly basis. Watch out for any fees that some account providers charge for using the account as some may charge you for withdrawing cash from a cash machine or an annual fee just for using the account. Make sure you compare different savings accounts before you decide on the right one for you. You can use the comparison table above to help you find the right account for you and your finances.
Savings Accounts Explained
Ensure when you choose a savings account that it is making you the most money possible. Many people find that their savings account are actually losing them money because of the rate of interest that they are being paid. For this reason, always ensure you check the rate of interest you are being paid so that you know you are receiving the maximum amount possible for you hard earn dollars. Always ensure that you seek independent financial advice if you are in any doubt. Compare savings accounts in the grid above.
19 June 2013
Almost everybody has a bank account – salary is transferred onto it, payments go out from it, standing orders and direct debits are set up and it is generally a bank account in which money will be moved around
20 March 2012 10:30am
Saving for the future by putting money aside is becoming more and more important for many Americans. Savings accounts are a safe and simple way of growing your personal fortune over time.
23 August 2011
Which Way to Pay
The future of the global economy is uncertain at the moment, and with the US debt rating downgrade we all need to be a little more sensible with our money at the moment. Our lives have remained just as busy as our pay has been frozen and the cost of living has gone up, meaning that it’s hard to change old habits as our disposable income diminishes.
11 August 2011
Which Way to Pay
In the wake of the downgrade of US debt last Friday from AAA to AA+ by credit rating agency Standard & Poor’s has sent the global financial markets into chaos. A double-dip recession is seemingly more and more likely, even with the comparatively positive activity on the markets over the last couple of days.
04 July 2011
Which Way to Pay
Thieves can now access your personal information through anything from taking cash out at an ATM, to making a purchase online, so it could be worth protecting yourself against it. With identity theft protection, the companies offer an array of services, from monitoring your account activity for unusual activity, to also keeping an eye on your social security and medical benefits.