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

There are many reasons why 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 in the UK?

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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FSCS Explained: Are My UK Savings Safe?

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.

Established by the UK Government in 2001, the FSCS is used to protect and reimburse consumers and businesses. Find out more about how to keep your savings safe.

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How can I find lost Premium Bonds?

Premium Bonds can easily be forgotten or lost. If you are the rightful recipient of a prize don't panic, NS&I will hold the funds for you. Find out more here.

Premium Bonds can easily be forgotten or lost. If you are the rightful recipient of a prize don't panic, NS&I will hold the funds for you. Find out more here.

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Who Owns Whom? Check FSCS Protection

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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What is a Trust Account?

A trust is where money or other assets are held on behalf of somebody else (known as a beneficiary). The beneficiary could be a child, an adult who lacks capacity to manage their own affairs or an organisation. Read our guide to find out more about trust accounts.

A trust is where money or other assets are held on behalf of somebody else. Our guide explains more.

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The difference between AER, gross rate and net rate

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

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What are challenger banks?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted as an alternative to the established banking giants?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted?

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All our savings account guides

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What are challenger banks?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted as an alternative to the established banking giants?

They regularly top the savings charts and tend to have a reputation for offering great service too – but what is a challenger bank, and can they be trusted?

Read More
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How can I find lost Premium Bonds?

Premium Bonds can easily be forgotten or lost. If you are the rightful recipient of a prize don't panic, NS&I will hold the funds for you. Find out more here.

Premium Bonds can easily be forgotten or lost. If you are the rightful recipient of a prize don't panic, NS&I will hold the funds for you. Find out more here.

Read More
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FSCS Explained: Are My UK Savings Safe?

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.

Established by the UK Government in 2001, the FSCS is used to protect and reimburse consumers and businesses. Find out more about how to keep your savings safe.

Read More
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Can you make money from stoozing?

Stoozing is a money hack that uses credit cards to help to maximise the interest you earn on your savings. Find out how it works and if it’s worth doing.

Stoozing is a money hack that uses credit cards to help to maximise the interest you earn on your savings.

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Cash ISA vs Savings Account: Which Should I Choose?

Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals. Find out more here.

Cash ISAs and savings accounts have some key differences, including their tax implications and rules around deposits and withdrawals.

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How to make and manage a money budget

Effective budgeting is a key part of money management. Find out how methods such as the 50/30/20 technique, piggybanking and budgeting apps could help you better understand where your money is going and how you can make the most of it.

Effective budgeting is a key part of money management. Find out how making and managing a money budget could help your money go further.

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How to get the best return from your savings

Getting a decent return from your savings takes more than putting money in the first account you come across. Choose poorly and you won't come anywhere near to securing the best rate.

Getting a decent return from your savings takes more than putting money in the first account you come across. Our guide explains how to get the best return.

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Premium bonds or savings accounts: Which is better?

Do you want a guaranteed return or the chance of a winning big? Our guide on premium bonds vs. savings accounts explains the pros and cons of each.

Want to know the difference between a premium bond and a savings account? This guide explains the pros and cons of each.

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Using a current account as a savings vehicle

With the right current account you could enjoy valuable additional benefits while securing a return on a portion of your savings.

With the right current account you could enjoy valuable additional benefits while securing a return on a portion of your savings.

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How are my savings taxed in the UK?

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.

Read More
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The difference between AER, gross rate and net rate

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

With AER, gross rate and net rate all ways of expressing the amount of interest paid by an account, find out the key differences between these three concepts.

Read More
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What does compound interest mean?

We all know that we earn interest on our savings. But what happens to the interest once we've earned it? It’s either moved (or paid) into a different savings or current account, or it stays in the same account and is added to your savings.

What does compound interest mean? Read out guide to find out more.

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Has your local bank branch closed? Here’s what you can do

What are your options if your local bank branch faces closure?

What are your options if your local bank branch faces closure?

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How to fund home improvements

In this guide we’ve listed some of the different ways you can finance your home renovation project.

In this guide we’ve listed some of the different ways you can finance your home renovation project.

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

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

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

Read More
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The ultimate guide to 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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What is a Trust Account?

A trust is where money or other assets are held on behalf of somebody else (known as a beneficiary). The beneficiary could be a child, an adult who lacks capacity to manage their own affairs or an organisation. Read our guide to find out more about trust accounts.

A trust is where money or other assets are held on behalf of somebody else. Our guide explains more.

Read More
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What is Shari’ah-compliant banking and how does it affect your 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 Shari’ah-compliant 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, 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? Check FSCS Protection

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.

Read More
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Is Help to Save worth it?

Help to Save is a Government scheme that offers a bonus of up to £1,200 on your savings.

Help to Save is a Government scheme that offers a bonus of up to £1,200 on your savings.

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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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Structured deposits - a glossary

A glossary of key terms for structured deposits.

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Beware of land banking schemes

A guide on what the land banking scam is and how to avoid it.

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How can I save for the future of my child?

For a parent, knowing that your child has a financially secure future is bound to be one of your top priorities, which is why many like to begin saving for their child as soon as possible. Read our guide to learn more.

This guide tells you more about how to save for your children. We share tips about savings accounts to help save for university, a car or a first home.

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Structured Deposit Products Explained

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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Do Regular Savings Accounts Pay The Best Rates?

Regular savings accounts seem to have higher rates. This guide explains why and how interest you earn is really calculated.

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What type of savings account do I need?

With so many types of savings accounts out there, it can be difficult to know what would suit you best. That’s why we’ve made this handy guide.

With so many types of savings accounts out there, it can be difficult to know what would suit you best. That’s why we’ve made this handy guide.

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Are offshore savings accounts worth it for expats?

If you've decided to take the plunge and start a new life abroad is worth considering an offshore savings account. Our guide explains.

If you've decided to take the plunge and start a new life abroad is worth considering an offshore savings account. Our guide explains.

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