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.

These accounts can be opened and maintained online. Cash is withdrawn from an ATM. Higher rates are often paid on online accounts.

Some accounts pay a bonus for the first six months or a year. The rate will revert to a lower rate once the introductory bonus period is over. You may need to switch accounts at this point.

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.

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.

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.

Savers can invest up to £3,000 each tax year into a Mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. You can choose between instant access and notice accounts.

Savers can invest up to £3,000 each tax year into a Mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. You can choose between instant access and notice accounts.

Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.

Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.

An amount of money has to be paid into the account each month. A certain number of monthly payments have to be made into these accounts each year to prevent loss of interest or closure. These accounts have a minimum and maximum amount that can be deposited into the account each month.

The Child Trust Fund (CTF) is a Government savings scheme that came into effect on 6 April 2005, for children receiving Child Benefit who were born on or after 1 September 2002. Under the initiative the Government provides a minimum of £250 in the form of a voucher, to be presented to one of the CTF providers, to open a tax-free account on behalf of the child.

Accounts suitable for over 50s.