Welcome to the Individual Savings Accounts page, it is very wise to make any savings that you can as you never know when there will be a rainy day so lots of people choose to save money in an individual savings account. This is because an individual savings account has a higher rate of interest than a bank account and the money is kept separate so there is less temptation to spend the money, you can easily open an individual savings account online and the sooner you begin saving the better.

Top Savings Accounts:

ING Direct - high interest and instant access.




There are a number of things to look out for when you open an individual savings account and the most important is the interest rate, the higher the interest rate the faster your money will accumulate so the more money you will have over time. So always look for the high interest rate individual savings accounts, opening an individual savings account online often means a higher rate of interest so look out for the high interest online deals.

There are often reasons though that savings companies will offer a higher rate of interest and you have to look out for these catches, they are usually limits as to when you can access your savings or how much you have to invest. Lots of high interest individual savings accounts do not allow instant access to your savings so keep this in mind if you are opening such an account, it is often worthwhile though as you get the high interest and some simple planning can mean that will be able to access your savings when you need the money. Some savings accounts also offer a higher rate of interest for a higher level of investment which is usually a monthly amount that is needed so with this type of individual savings account make sure that you can keep up the monthly installments of you could be penalised with a lower rate of interest.