Types of Savings Accounts
Types of Savings Accounts
There are now a wide range of savings accounts available on the market. Some accounts can be accessed immediately or within a few days. However, others can penalise account holders for taking money out without sufficient notice. Whilst some go up and down in line with the Bank of England Base Rate (BEBR), others are fixed at a set level.
With such a wide variety, finding the right one can be a difficult task. Looking for the most suitable account depends upon several factors, such as, the period of time the savings can be tied up for, how quickly the account can be accessed and whether or not tax is paid on the account.
Types of Savings Accounts
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