S
avings accounts are great to get into and can really help you save money. Not only that, but many will pay you interest depending on the amount in the savings account. There are a ton of different savings accounts with multiple branches so below will be some that are worth looking into.
RCI Bank UK
The RCI Bank UK have a ‘Freedom Savings Account’ that is available to join. You can access your account online, by the phone and by post. Not only that, but you can make unlimited payments and withdrawals with no penalties. The other big plus is the 1.30% variable interest rate (AER). To join, simply search for RCI Bank UK savings account.
Axis Bank
Axis Bank offer a ‘Fixed Deposit Account’ that basically ties you down to saving. You must open the account with a minimum of £1000 and the term is for 2 years. In this time, you are unable to make withdrawals. However, the interest rate is fixed at 2.04% (AER). For this scheme, search for the Axis Bank Deposit Account.
AA
AA have an ‘Easy Access Issue 14’ scheme in place that available online. The minimum opening amount is £100 with no fixed notice period. The account type is classed as a Cash ISA and has a variable rate of 1.16% (AER). This includes a fixed bonus of 0.96% for 12 months. However, you may want to move your money elsewhere at the end of the fixed bonus period.
Finding a savings account is hard. There are different types with a huge interest rate range. However, there are sites online that help you compare the best savings account. Alternatively, head down to your local banking branch and ask for assistance.
