There are a huge variety of savings accounts on the market. These include regular savings accounts, offset savings accounts, easy access, notice accounts and ISAs, tax free savings accounts.
When choosing a savings account it is important to compare savings accounts to find the right one for you. If you don’t need to access your savings you could choose one that does not allow withdrawals or limits them but pays high interest on your savings.
If you think that you will need to dip into your savings then an easy access savings account could be the best choice. ISAs (Individual Savings Accounts) allow the saver to shelter their money from the taxman and not pay any tax on the interest accrued each year.
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