Savings guides

Whether you have a lump sum to save or you want to put smaller amounts away more regularly, this section will help you find the account that's right for you.

The key to finding the best account is being clear about what you are saving for, how much you can afford to save and how often you will need access.

We have divided our help into the following sections:

• Instant Access accounts
• Tax-free Savings
• Children's accounts  
• Saving for the Future

Different types of savings accounts offer different interest rates and access to your money. It is important to find an account which best suits you and to review it from time to time as your savings grow or your circumstances change.

Before you start, you will also want to work out what you can afford initially to open an account and whether you can add any additional money to your account to give your savings a boost, either regularly or every now and again.

Short-term vs long-term savings

Short term, more accessible savings accounts offer lower interest rates, while long term accounts, often with limited access to your money, can offer tiered interest rates, where the interest rate rises as your savings grow. You may lose interest if you want to close your account early.

Accounts and interest rates can change, as can your priorities for saving. It is a good idea to keep an eye on the various accounts and interest rates on offer so that you can be sure that your money is bringing in the best return possible and meeting your needs.