Help to Save accounts FAQ
Want to know more about Help to Save accounts? In this guide, we answer some of the most frequently asked questions. How many Help to Sa...
Want to know more about Help to Save accounts? In this guide, we answer some of the most frequently asked questions. How many Help to Sa...
Child Trust Funds (CTF) were introduced in 2002 to encourage saving for children. Though they’ve since been replaced by Junior ISAs, those with existing accounts or vouchers get to keep their Child ...
Index-linked savings accounts are fixed-term deposits. You agree to leave your money in the account for a certain number of years. In exchange, you’ll get an interest rate that’s linked to inflati...
Choosing between savings options is easier than it looks. There are hundreds of accounts, but only a few types of account – some for easy access to emergency funds, some for saving regularly and som...
Most people can benefit from interest on their savings free of tax, thanks to the ‘Personal Savings Allowance’. People on low incomes also benefit from the Starting Rate for Savings. This guide wi...
Rotating Savings and Credit Associations are collective schemes which allow friends to save together and have been popular in the Caribbean for many years. Often called pardner, pardna or paadna sc...
With children’s saving accounts, children learn to manage money – and parents, relatives and friends have a place to save for a child they care about. ...
By starting to save early, you can put your children on the path to a solid financial future. Junior ISAs let you save and invest on behalf of a child under 18. And with no tax on the earnings, the mo...
Saving for a child today is a wonderful gift for their future. Not only can they start their adult lives with some savings in hand, but getting kids involved early with saving also helps them learn im...
Sharia-compliant accounts provide the same day-to-day banking services as mainstream current accounts. However, they don’t give you a return on your money or offer overdraft facilities as the princi...
In credit unions members pool their savings and lend to one another. Members have something in common, such as the same employer, trade union, attending a specific place of worship or living in the sa...
National Savings and Investments (NS&I) offer a wide range of savings and investment products that are backed by HM Treasury. Some are not always available, or are limited offers – keep an eye out f...
First introduced in 1956, Premium Bonds are now owned by around 23 million people in the UK. Here you can find out what Premium Bonds are, when they might be a good investment and how to go about buyi...
With a regular savings account, you commit to paying in a certain amount each month. In return, the bank or building society gives you a higher interest rate than you’d get with their current accoun...
It’s a good idea to save ahead for Christmas. Dedicated Christmas savings schemes can help you to avoid dipping into your cash too early and make sure you have enough money up-front to pay for gifts...
Savings Bonds are interest paying deposit products offered by banks and building societies and occasionally National Savings and Investments (NS&I) for a set term. A bond of this type is really a fixe...
These are accounts that pay interest and allow you to withdraw money whenever you need it. You can save as little or as much as you want each month. You can often open an account with an initial depos...
School fee plans are designed to help parents and guardians pay school fees. They often come with some measure of protection for your investment and can be tailored to your individual circumstances an...
Cash ISAs (sometimes called NISAs) are savings accounts that pay interest that is free of income tax. When might a Cash ISA be for you? ...
Use these tips to narrow down your search for a savings account – read ‘Next steps’ and then get saving! Tip 1 – Set a savings go...
If your bank, building society or credit union went bust you would be entitled to compensation through the Financial Services Compensation Scheme for a maximum of £85,000. Find out ...
Make sure you don’t pay more tax than you need to – make the most of tax-free savings and investments for you and your children or grandchildren. ...
Help to Buy ISAs are a tempting proposition for first-time buyers, but how do they work? We’ve pulled together some of the most common questions, including who can get one and how much you can save....
Lifetime ISAs (also known as LISAs) are a new type of ISA created to help people save for their first home or retirement. If you take out a Lifetime ISA, the Government will give you a bonus worth 25%...
Want to know more about Lifetime ISAs? In this guide, we answer some of the most frequently asked questions. Do my Lifet...
If you’re looking to make the most of your savings, you’re probably interested in getting a Lifetime ISA, or a Help to Buy ISA. If you manage your finances well, both can prove a great way to make...
Help to Save is a new savings scheme for people on low incomes who are claiming certain benefits. Help to Save gives you a bonus payment from the government of up to 50% (half) on savings paid into th...