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Savings Guides

We've collated our most popular and most recently-published savings account guides in one place for you. Designed to help you through the basics as well as more complicated issues, browse our entire back catalogue below.

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Our most popular savings account guides

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How much can I give as a cash gift and how is tax affected?

There many reasons you may want to give a cash gift to your loved ones. We explain the implications from a tax perspective.

There many reasons you may want to give a cash gift to your loved ones. We explain the implications from a tax perspective.

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How are my savings taxed?

Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free and you only have to pay tax on savings interest above this.

Every basic rate taxpayer in the UK currently has a PSA of £1,000, which means the first £1,000 of savings interest earned in a year is tax-free.

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What kind of account is a trust account?

A trustee savings account is an account where money is held in trust on behalf of a beneficiary. The beneficiary could be a child, an adult that lacks capacity to manage their own affairs or an institution, and the funds held in trust could be to pay for a child’s education, to fund a house deposit

A trustee savings account is an account where money is held in trust on behalf of a beneficiary. The beneficiary could be a child, an adult that lacks capacity

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How can I find lost Premium Bonds?

If you're lucky enough to win one of those draws, NS&I will write to you to give you the good news. However, if they don't have your current contact details, you may not realise your good luck.

If you're lucky enough to win one of those draws, NS&I will write to you to give you the good news. If you haven't updated your details, here is what to do.

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Depositor protection schemes

All banks and building societies listed by Moneyfacts are signed up to a depositor protection scheme that would cover your money in the event the institution went bust. This guide gives you all the information about depositor protection limits and rules across different regions and areas.

This guide gives you all the information about depositor protection limits and rules across different regions and areas.

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The difference between AER, gross rate & net rate

When it comes to savings, the most important concepts to get straight are the Annual Equivalent Rate (AER), gross rate and net rate. Read on to find out more.

When it comes to savings, the most important concepts to get straight are the Annual Equivalent Rate (AER), gross rate and net rate. Read on to find out more.

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What is a structured deposit product?

In simple terms, a structured deposit product can be thought of as a combination of a traditional savings account and a stock market investment.

In simple terms, a structured deposit product can be thought of as a combination of a traditional savings account and a stock market investment.

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7 tips for saving for your first home

Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.

Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.

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All our savings account guides

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What is Sharia’a banking, and how does it affect your personal finances?

From expected profit rate to home purchase plans, there are a number of terms you will have to know if you are to consider a provider which complies with Islamic banking principles. Also known as Sharia’a banking, we explain below how this works.

From expected profit rate to home purchase plans, there are a number of terms to consider when using an Islamic banking provider.

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What is a savings platform, and should you sign up?

Savings platforms bring together selected savings accounts of many banks and building societies into one place for savers

Savings platforms bring together selected savings accounts of many banks and building societies into one place for savers

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UK base rate explained - and how to respond to changes

Eight times a year, the Bank of England’s (BoE) Monetary Policy Committee meets to decide the UK’s base rate. When this happens mortgage and savings rates will feel the impact, affecting consumers across the board. Below we have explained what the BoE’s base rate means and how it affects you.

We have explained what the Bank of England’s base rate means and how it affects you.

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Who Owns Whom?

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

This guide reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

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How to protect yourself from scams

It’s never been more important to be on your guard when it comes to potential scams. Fraudsters are getting ever-more sophisticated in their methods and it can be increasingly difficult to spot when you’re being targeted, so here we look at how to protect yourself from scams to keep your money safe.

Fraudsters are getting more sophisticated in their methods, so here we look at how to protect yourself from scams to keep your money safe.

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How does investing with robo-advice work?

How does investing with robo-advice work or should you manage your own investments or speak to a financial adviser?

How does investing with robo-advice work or should you manage your own investments or speak to a financial adviser?

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Is it better to save or pay off a mortgage?

In today’s world of low savings rates, some may be wondering whether their money could be working harder by paying off their mortgage instead. We explore more in our guide.

In today’s world of low savings rates, some may be wondering whether their money could be working harder by paying off their mortgage instead.

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How to start saving money using an app

Find out how money saving apps work and how they use AI to help you save money everyday.

Find out how money saving apps work and how they use AI to help you save money everyday.

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