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 rundown
  • 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

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.

Online savings accounts
Online savings accounts

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 more
Where should I invest or save my money?
Where should I invest or save my money?

Looking 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 more
Save or pay off debts?
Save or pay off debts?

Struggling 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 more
Emergency funds
Emergency funds

In 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 more
Budget planning
Budget planning

Want 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 more
Inflation & interest rates explained
Inflation & interest rates explained

Explore how inflation and interest rates are related, how they can affect your savings and how you can protect your savings from inflation.

Read more

Get the inside scoop

Want to be in-the-know on all things savings?
Of course you do. Sign up and be the first to find out about top rates as soon as they land,
exclusive account holder-only offers, and the latest money news.


Finding 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.

Play Button
Current accounts vs savings accounts
Current accounts vs savings accounts

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 more
All about ISAs
All about ISAs

ISAs 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 more
Lump sum savings accounts
Lump sum savings accounts

If 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 more
Business Savings Accounts
Business Savings Accounts

Find out why business savings accounts are often a better option than business current accounts, and how any interest earned is declared.

Read more
Short term savings accounts
Short term savings accounts

Looking 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 more
Islamic Savings Accounts
Islamic Savings Accounts

In 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 more
Student bank accounts
Student bank accounts

On 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 more
Premium Bonds explained
Premium Bonds explained

Find out more about Premium Bonds, including how to buy them and how they work.

Read more

Growing 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.

Savings goals & how to achieve them
Savings goals & how to achieve them

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 more
What's the best way of saving for Christmas?
What's the best way of saving for Christmas?

In 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 more
Saving for a wedding
Saving for a wedding

Understanding 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 more
Children’s savings accounts explained
Children’s savings accounts explained

Find 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 more
Saving for a mortgage
Saving for a mortgage

Looking 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 more
Saving for retirement
Saving for retirement

It’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 more
Saving for a holiday
Saving for a holiday

Practical tips on how to save money for a holiday.

Read more
Saving for university
Saving for university

Find out how you can save for your child’s university education.

Read more
Helping parents with finances
Helping parents with finances

Discover how you can help your parents with their finances.

Read more

What 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.

Maturity options
Maturity options

Do you have savings from an expired bond? Explore the options available to you, including high-yield savings accounts.

Read more
Switching savings accounts
Switching savings accounts

Find out how you could grow your money simply by switching savings accounts.

Read more
What is a bond yield?
What is a bond yield?

Find out what a bond yield is, and how price and yield are inversely related.

Read more
Comparing fixed rate bonds: NS&I vs. Raisin UK
Comparing fixed rate bonds: NS&I vs. Raisin UK

Compare the current interest rates for NS&I bonds with other savings products.

Read more

Government 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.

How the government Help to Save scheme works
How the government Help to Save scheme works

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 more
Tax on savings accounts
Tax on savings accounts

Confused 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 more
How FSCS protection works
How FSCS protection works

In this guide, we explain what the Financial Services Compensation Scheme (FSCS) is, how it works, and how the FSCS protects your money.

Read more

Getting 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.

Quick start guide
Quick start guide

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 more
Opening a Raisin UK Savings Account
Opening a Raisin UK Savings Account

In this guide, you’ll find all that you need to know about opening savings accounts from our partner banks through our marketplace.

Read more
Transfer money to your Raisin UK Account
Transfer money to your Raisin UK Account

In 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 more

See what our customers say about us on Trustpilot

Great based on 2,937 reviews