Savings accounts often offer better interest rates than current accounts and can be a good place to set money aside for the short to medium term.
There are a number of different types of savings accounts including easy access, regular savings, notice and fixed term accounts. Generally, the harder it is to access your money, the higher the rate of interest will be, but this isn’t always the case.
You should compare accounts from across the market before you make your choice, this will help you get the best deal for your needs while retaining a level of access that suits you.
Last updated: 03 June 2015