A savings account is a specialised account provided by a bank, building society or the Post Office® designed for medium to long-term investment. Withdrawing or depositing funds is usually free but savings may not be immediately accessible, particularly from those accounts which offer the highest interest rates.
For further details of all aspects of savings accounts, see:
- Definition and Types of Account
- Operation of Savings Accounts
- Interest Rates
- Limits, Fees & Charges
- Fraud Protection & Security
- Terms & Conditions
- Advantages & Disadvantages
