6 top tips for saving
A guide to savings by Furness Building Society
What is a savings account?
It’s a secure place to put your money and earn interest on it. So you basically get back more than you put in. So how is a savings account different from a bank account? Well while some bank and building society accounts pay interest, they also offer other services like enabling you to pay bills through direct debits and having use of a debit card.
However, there are lots of types of savings accounts so selecting the right one for you isn’t always straightforward. Without knowing the difference between the different types of account, the variety can feel confusing. So if you’re thinking of opening one, it makes sense to get clued up about what each one does and any particular benefits it has that will make it the right account for you.
To help you do that, we’ve pulled together six top tips to consider when choosing a savings account. If you have money to save and you’re looking for the best place to put it, give this little guide a read and it may help point you in the right direction.