Compare Savings Accounts .



Find great deals with our easy to use comparison table. There are hundreds and hundreds of different types of savings accounts but basically they fall into a few categories , Instant/easy access accounts , Fixed rate accounts (or Notice accounts) , Children's accounts , Offshore accounts and Cash ISA accounts .



In the table above on there are all of these types of savings accounts for you to take a look at and examine the deals which are available in the market place at the moment .



Instant access Savings Accounts tend to have a low interest rate but with most you can access your saving very quickly with no notice at all.



Fixed rate Accounts (Notice Accounts or bonds) The rates on these accounts are higher than on instant access accounts and interest rates are paid at a agreed amount for a fixed term , usually 1 year 3 year or 5 years . The notice you are required to give will vary between account providers and will typically be between 30 and 90 days but will usually include a penalty for removing your savings before the end of the bond .



Childrens Accounts can normally be opened be a child aged 7 or older , accounts opened by parents will usually require a signature by the parent until the child reaches the age of 16 and despite the uban myth that children don't pay tax on their savings this is in fact untrue and children are liable to pay tax on amounts over £7,475 in the tax year for 2011-2012 . Interest should normally be paid without the tax being deducted but to ensure it is not deducted a Inland Revenue form R85 should be filled out and returned , this form will normally be given to you by your bank.



Offshore Accounts are accounts held overseas and are still subject to income tax , although the bank is not legally obliged to notify the relevant tax authority of earnings on a overseas account.



Cash ISA or individual savings accounts are not subject to capital gains or income tax upto the current threshold set by HMRC .

(fact sheet)