If you are looking for a way to make your money grow, the best and often safest option to go for is a
savings account.
When you put your money into a savings account, it earns interest. Interest is money the bank pays you so that they can use your money to fund loans for other people. That doesn't mean you can't have your money whenever you want it, though. That's just how banks make money - by selling money. Basically, it works like this:
- You open a savings account at the bank.
- The bank pays you interest on the money that you deposit and leave in that account.
- The bank then loans that money out to other people, only they charge a slightly higher interest rate on the loan than the bank makes you pay you for your account.
Compare the best savings accounts using our tables and quickly find the best rates on offer. Choose from a range of savings accounts and start building up your savings pot.
Whether you're looking for an account that pays high rates of interest while giving you instant access to your money, or you're happy to lock your savings away for a longer period of time exchanging no access for greater returns, you can find the perfect savings account at Which4U.
Savings Accounts
