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Is it me but doesn’t it seem like we’ve been here before? The Greek crisis seems to have been dragging on longer than the Trojan War. It has been vacillating from spikes of on-the-brink debt refinancing, to periods where it has been seemingly out of the news altogether. But this time things appear different, more...
Imagine an elastic band. Over time, if you keep collecting elastic bands, stretching them ever tighter over in a ball, your humble elastic band can come together to make something really quite impressive. Most people’s savings start the same way.
This is where a Regular Savings account can help. This type of account can often pay a high rate in comparison to other savings accounts. You will have to commit to a regular contribution that falls between a minimum and maximum threshold, for a set number of months (normally 12).
Withdrawing your money from a Regular Savings account may not be possible or can be difficult. If you don’t meet the conditions of the account your rate may drop considerably, so be sure you can commit to the monthly contributions and withdrawal restrictions before taking out the account.