Savings
Home › Savings
Are you thinking about opening a savings account? If so, you probably know just how much choice there is out there, and it can feel overwhelming when you’re figuring out which type of savings account is right for you.
Our savings hub is a user-friendly gateway to topics including the benefits of savings accounts, the national savings rate, UK savings schemes and the basics of saving money. We hope you’ll find answers to all your savings questions here.
- The basics of saving: from online accounts to ethical banking
- Insightful information into Government schemes and tax on savings
- Our guide to getting the most out of your savings and growing your wealth
- Getting retirement-ready: find out who’s best at saving in the UK
What's on this page
The basics of saving money
Discover everything you need to know to navigate the world of saving money successfully. We cover what type of savings account might be right for you, how much money to keep in your savings, whether to consider paying off debt or growing your savings and what you can do with the money you have in the bank.
Compare online savings accounts, find the one that’s best for your saving needs and grow your money with ease at raisin.co.uk.
Read moreLooking for guidance on how and where to invest money? Find out what you need to consider, the options to build your wealth, and whether stocks and shares or savings work best.
Read moreStruggling to get out of debt or just looking for some motivation to save? Find out how to clear your debts, top tips for saving, and how to juggle clearing debts and saving at the same time.
Read moreIn this guide, we explore what emergency funds are, their pros and cons, how much emergency savings you may need and how to build an emergency savings pot.
Read moreWant to learn how to budget better? Find out why budgeting is so important, how to create a plan, and where to find a free budget planner to help you out.
Read moreExplore how inflation and interest rates are related, how they can affect your savings and how you can protect your savings from inflation.
Read moreFinding the right account type for you
If you’re asking questions such as, “where should I save my money?”, the following information on different types of savings accounts should help you make a more informed decision. We also explain the differences between current accounts and savings accounts, and consider whether ISAs may be a suitable option.
With so many account types to choose from, it’s important to understand the difference and how to make the best use of current and savings accounts.
Read moreISAs allow you to save up to £20,000 tax-free. Find out everything you need to know about ISAs, including why they're such an important part of many people’s saving strategies, in our detailed guide to ISAs.
Read moreIf you can afford to lock your money in for a set period of time, you can earn a competitive interest rate by opening a lump sum savings account. Find out what they are, how they work and if they suit your savings needs.
Read moreFind out why business savings accounts are often a better option than business current accounts, and how any interest earned is declared.
Read moreLooking to earn interest on your savings in a limited time? Find out the options for choosing a short term savings account, the pros and cons, and what to consider first.
Read moreIn this guide, we explore what Islamic savings accounts are, how they work, how they differ from regular accounts and how they can help you earn money.
Read moreOn this page, we explore what student bank accounts are and how they work, including the benefits, and how to choose the right student bank account for you.
Read moreFind out more about Premium Bonds, including how to buy them and how they work.
Read moreGrowing your savings for the things that matter
Wondering how much to save each month to reach your savings goal? Curious about how much you should be putting into your savings account each month if you’re saving for something special? Whether it’s a wedding, the birth of a grandchild or if you just want to plan for Christmas, explore the best ways to save for those milestones.
In this guide, we take a look at some common savings goals, what kind of goals you can set, how to set them up and how to achieve them.
Read moreIn this article, you’ll find out how to save for Christmas, when's the best time to start saving and which types of savings accounts might make your Christmas savings work the hardest.
Read moreUnderstanding wedding costs and how to save for a wedding can help shape your plans. Find out how much you might need to save and get tips to help you save for your wedding.
Read moreFind out how children’s savings accounts work, the different types of accounts, how to open a savings account and the tax implications, so you can make an informed decision about which account is right for your child.
Read moreLooking to invest in a house or a home? Find out how to save for a deposit, the tips and techniques to get you on track, and the best savings accounts to make your money work harder.
Read moreIt’s never too late to plan for your future. Find out how to save for retirement, how much you should be saving, and how to maximise your savings.
Read moreWhat to do when your savings product matures
Do you have a maturing savings account, but you’re unsure what to do next? Read our guides on maturities, bond yields, and more.
Do you have savings from an expired bond? Explore the options available to you, including high-yield savings accounts.
Read moreFind out how you could grow your money simply by switching savings accounts.
Read moreFind out what a bond yield is, and how price and yield are inversely related.
Read moreCompare the current interest rates for NS&I bonds with other savings products.
Read moreGovernment schemes and tax on savings
We’ve broken down the information on Government schemes into handy, easy-to-read guides. In this section, you’ll find out more about schemes like Help to Save, along with how tax might affect your savings.
The Help to Save scheme helps low-income earners start a savings pot. Find out everything you need to know about the scheme, including how it works, if you’re eligible and how to apply.
Read moreConfused about paying tax on your savings accounts? Read our guide to find out how much you might be taxed, what the personal savings allowance is and all about tax-free savings accounts.
Read moreIn this guide, we explain what the Financial Services Compensation Scheme (FSCS) is, how it works, and how the FSCS protects your money.
Read moreGetting the most from Raisin UK
The articles in this section explain how Raisin UK works and how to get the most from your Raisin UK Account, including how to transfer money to fund your applications. Here, you’ll discover how to open and manage easy access accounts, notice accounts and fixed rate bonds. Our quick start guide explains how to grow your savings through our marketplace in just three steps, and you can also find out exactly how FSCS deposit protection works.
Find out how to use Raisin UK with our complete quick start guide for beginner bankers and first-time savers. A simple service offered across a range of banks, Raisin UK allows you to keep your savings at your fingertips.
Read moreIn this guide, you’ll find all that you need to know about opening savings accounts from our partner banks through our marketplace.
Read moreIn this guide, we explain how to transfer money to your Raisin UK Account, including how to fund any savings accounts that you’ve opened.
Read moreSee what our customers say about us on Trustpilot
Great New Service
Ive been a customer of Raisin since it launched in the UK. Although the business has recently gone through some changes I've been regularly updated and now able to open a very competitive 9 month fixed product.
Kevin
Very easy process to invest via the…
Very easy process to invest via the Raisin platform. Bonus come through on time. Communication was good throughout.
Thomas Ballard
Very Good Service!
I can really recommend Raisin! I was able to open a deposit without any real hassle. One point, it should be clearer on the registration page that you have to be really careful as to exactly how you enter your data. Even just a hyphen missing in a name can cause the application to fail! However, after three attempts, NO problem! Very friendly customer services team, by the way! Jean
Jean
Raisin uk
Raisin Uk from my experience are great , I phoned them to clarify something and I phoned to make sure they got my email because my phone had been failing to send mail and they were extremely helpful and friendly, 100% for customer service from my experience.
Sue Pasternak