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Guide to Savings Accounts

Instant Access Saving Accounts

Instant Access Savings Accounts are great accounts for those who need access to their money to fund incidentals such as car repairs, household repairs etc. These accounts offer a totally secure way of saving known as a "deposit backed" account. This means that you are guaranteed to get back the amount that you deposit into the account and therefore there is no risk involved. Interest is paid on the account and is usually around 1% (AER). This interest rate does improve if you are prepared to manage the account online or by way of the phone.

Internet banking offers more control over your account for those people who are comfortable using the Internet or telephone, it allows you to manage your account day or night from the comfort of your home. The biggest draw back with Internet and telephone banking is the way that you access the funds. Money must first be transferred to a current account which then allows access via a bank or an ATM.

Tax is applied to the interest which is earned from an Instant Access Savings Account.

PDF Guide to Saving Accounts Download the Saving Accounts PDF Guide here - see our other free PDF guides here

Guide Contents

Why Save?
Tips to help you start saving
The different types of savings accounts
Instant Access
Regular Savings Account
Notice Accounts
Affinity Savings Accounts
Ethical Savings Accounts and Charity Savings Accounts
Cash ISA's
National Savings & Investments
Children's Savings Accounts
Term or Bond Savings Accounts
Guaranteed Equity Savings Account
Frequently Asked Questions
Further help with Savings Accounts

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