No notice accounts are instant access, although there may be a delay in receiving funds if you have a postal or online account.

Notice must be given if you want to withdraw your money. You can get hold of your money without notice, but you will have to pay a penalty, usually in the form of loss of interest.

Interest is paid monthly so you will earn interest on the interest paid as well as on your savings. These accounts may offer lower rates of interest.

The rate paid on your savings will be fixed for a set period when you open the account. This means if interest rates go up, your savings will not benefit. But if they go down, your rate can’t go do too.

These accounts come with cheque books and other banking facilities, but not usually overdrafts.

These can be used as a tax planning tool for people living and working abroad. You are able to choose when you have the interest paid into the account to a time that suits you and your tax position.

These accounts are for savers who need to pay in or withdraw money from an account in EUROs.

These accounts are for savers who need to pay in or withdraw money from an account in US$.