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Savings explained

Whether you're saving for something special or you want to start saving for a rainy day, it's important to find savings accounts that can help you reach your goals. Here are some things to consider.

Fixed rate savings

If you're saving for something in the long term - university fees or house deposit, for example - and you're sure you won't need access to your savings in the near future, you may want to consider a fixed term savings product.

You may wish to consider our:

Fixed term savings products can offer higher rates of interest than accounts that give you instant access to your money, but you'll be putting your money away for a set period of time - usually something between 3 months and 3 years.

Instant access savings

If you think you'll need to dip into your savings from time to time, you may want to consider an Instant access savings account that allows you to withdraw money without a penalty or loss of interest.

In addition, our Online Bonus Saver account offers bonus interest for every month that you don’t make a withdrawal. 

You may wish to consider our:

Under 18s savings

We offer a savings account designed especially for children between 7 and 17 called MySavings.

If you'd like to put money into a savings account on behalf of a child, you may wish to consider our:


Depending on your risk preferences, you may like to consider an investment in one of our ready-made portfolios.

If you choose to invest through our financial planning service, we’ll help you decide on an investment strategy and we’ll recommend portfolios that reflect the level of risk you’re comfortable with.

Investments are available from £25,000 lump sum or £500 per month. 

Please remember that the value of investments, and any income received from them, can fall as well as rise, is not guaranteed and you may not get back the amount you invested. This could also happen as a result of changes in currency exchange rates, particularly where overseas securities are held or where investments are converted from one currency to another. We always recommend that any Investments held should be viewed as a medium to long-term investment, at least five years.



This stands for Annual Equivalent Rate. It shows what the interest rate would be before any tax deductions if interest was paid and compounded each year.


Is the rate of interest if interest were paid and not compounded each year.

Notice Period

With some accounts you have to let the bank know in advance if you want to take your money out, and pay a penalty or lose interest payments if you withdraw money immediately. It's wise to check the notice period required before you open a savings account.

Find out more

View our range of savings accounts to find the one most suited to your needs.

Find out more

man drinking coffee

Choose to save for a fixed term of 3 months to 3 years.

woman listening to music

Save up to £3,000 at a fixed rate of interest for 12 months.

couple painting a chair

Enjoy a bonus interest rate when you don’t make a withdrawal.

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