How to get the best savings account

Action Plan:

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Action Plan Overview

If you're not careful your savings account could actually lose you money! We show you how to avoid the traps & find the best savings account whether you have a lot or a little to put aside.

		a	Find out: What are ISAs and should you get one?
		b	Find out: How do instant access savings accounts work and should you get one?
		c	Find out: What are regular savings accounts and should you get one?
		d	Find out: How do fixed rate bonds work and should you get one?
		e	Find out: What are notice savings accounts and should you get one?

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		a	Decide: How much are you going to save and how often?
		b	Decide: Will you need access to your money?
		c	Decide: What's the easiest way for you to manage your savings accounts?
		d	Decide: Do you want a savings account with monthly or annual interest?
		e	Work out: How much do you need to open a new savings account with?

		a	Decide: What's the best type of savings account for you?
		b	Do: Compare savings accounts
		c	Do: Look out for introductory bonuses
		d	Do: Look out for interest rate guarantees
		e	Do: Check the post-tax rate of interest is higher than inflation
		f	Do: Check whether the interest rates are tiered
		g	Do: Check for restrictions on deposits
		h	Do: Check for cash withdrawal limits and restrictions
		i	Do: Apply for the savings account that's right for you

		a	Do: Make a note of any pre-defined rate changes
		b	Do: Add to your savings
		c	Do: Monitor your rate