- Is the rate fixed, or can it change? For how long?
- Can you take your money out when you need it, and what does that cost?
- Is the provider authorised, and covered by the Financial Services Compensation Scheme? Check the current limit.
- What are the conditions on any bonus rate or switching offer?
- Will the interest be taxable? Check your Personal Savings Allowance and ISA options.
General information only
speedy4money gives general information and simple calculators. It is not financial advice and does not recommend any product. Always read the provider's terms and, if you're unsure, speak to a regulated adviser.
Money-saving basics
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Build a cushion first
Many people aim for a few months of essential spending in easy-access savings before locking money away.
Beware headline rates
Look at how long a bonus rate lasts and what the rate becomes afterwards.
Check your protection
Authorised UK banks and building societies are usually covered by the FSCS up to a limit. Check the current limit and how it applies to you.
Check the FSCSUse your ISA allowance
Interest on money in an ISA is tax-free. Check the current allowance and rules.
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