Welcome to the Savings Accounts page, if you are looking to save some money then a savings account is the ideal solution and they offer a higher rate of interest than standard bank accounts and are also kept separate so there is less temptation to spend the money. There are lots of different savings accounts that you can apply for online so you need to know the differences between them and the advantages of each, on this page we will inform you of the main types of savings account and also offer links to some quality savings providers.

Top Savings Accounts:

ING Direct - high interest and instant access.




The most important factor of a savings account is the rate of interest which determines how much your money will grow while in the savings account, you should look for the highest rate of interest that you can find when looking for a savings account but there are exceptions. This is because the savings accounts with the highest interest often have restrictions on the account that limit your access to the money, the main limit is a time limit that means you have to give notice to withdraw any money from the savings account. This period of notice can range from seven days to several months so be sure to check for this before you open a savings account, these savings accounts do often have very high rates of interest though so they are often worth the notice you would have to give and it is just a mater of keeping this in mind as you save the money.

There are also instant access savings accounts which are great as you can access the money whenever you need, they are better for casual savers who would like to save some money but may also need access to the money from time to time. Instant access savings accounts do have a lower rate of interest though so you do pay for that instant access so if you feel you can leave the savings where they are and can put up with the period of notice then it is better to go for a savings account with higher interest payments. Instant access savings accounts are easy to use though and can often be opened with as little as one pound, many savings accounts also offer bonuses for regular deposits or few withdrawals so you can get a better rate of interest with them.

The other very popular type of savings account is the ISA, an ISA is a tax free savings account that also has an interest rate that is comparable to the other savings accounts so they are a very effective way of saving money. ISA's are limited by the government though though so you cannot save a hugh amount of money per year, the limit is annual so you can invest a certain amount each month and the limits vary slightly depending on which type of ISA you choose to invest in.