Savings

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Are you thinking about opening a savings account? If so, you probably know just how much choice there is out there, and it can feel overwhelming when you’re figuring out which type of savings account is right for you.

Our savings hub is a user-friendly gateway to topics including the benefits of savings accounts, the national savings rate, UK savings schemes and the basics of saving money. We hope you’ll find answers to all your savings questions here.

The rundown
  • The basics of saving: from online accounts to ethical banking

  • Insightful information into Government schemes and tax on savings

  • Our guide to getting the most out of your savings and growing your wealth

  • Getting retirement-ready: find out who’s best at saving in the UK

The basics of saving money

Discover everything you need to know to navigate the world of saving money successfully. We cover what type of savings account might be right for you, how much money to keep in your savings, whether to consider paying off debt or growing your savings and what you can do with the money you have in the bank.

Finding the right account type for you

If you’re asking questions such as, “where should I save my money?”, the following information on different types of savings accounts should help you make a more informed decision. We also explain the differences between current accounts and savings accounts, and consider whether ISAs may be a suitable option.

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Growing your savings for the things that matter

Wondering how much to save each month to reach your savings goal? Curious about how much you should be putting into your savings account each month if you’re saving for something special? Whether it’s a wedding, the birth of a grandchild or if you just want to plan for Christmas, explore the best ways to save for those milestones.

What to do when your savings product matures

Do you have a maturing savings account, but you’re unsure what to do next? Read our guides on maturities, bond yields, and more.

Government schemes and tax on savings

We’ve broken down the information on Government schemes into handy, easy-to-read guides. In this section, you’ll find out more about schemes like Help to Save, along with how tax might affect your savings.

Getting the most from Raisin UK

The articles in this section explain how Raisin UK works and how to get the most from your Raisin UK Account, including how to transfer money to fund your applications. Here, you’ll discover how to open and manage easy access accounts, notice accounts and fixed rate bonds. Our quick start guide explains how to grow your savings through our marketplace in just three steps, and you can also find out exactly how FSCS deposit protection works.