https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> TYPES OF SAVINGS ACCOUNTS: A THREAD https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> (1/6)

read our blog post HERE for more information! https://www.quirk.money/post/savings-101">https://www.quirk.money/post/savi...

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤝" title="Handschlag" aria-label="Emoji: Handschlag"> EASY ACCESS FUNDS https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤝" title="Handschlag" aria-label="Emoji: Handschlag"> (2/6)
• most frequent type of account
• can deposit + withdraw money at any time w/ no fees
• typically have lower interest rates than other accounts

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🗣️" title="Silhouette eines sprechenden Kopfes" aria-label="Emoji: Silhouette eines sprechenden Kopfes"> NOTICE ACCOUNTS https://abs.twimg.com/emoji/v2/... draggable="false" alt="🗣️" title="Silhouette eines sprechenden Kopfes" aria-label="Emoji: Silhouette eines sprechenden Kopfes"> (3/6)
• need give providers advance notice to withdraw funds
• advance notice can be up to 30, 60, to 90 days

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Geld mit Flügeln" aria-label="Emoji: Geld mit Flügeln"> REGULAR SAVERS https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Geld mit Flügeln" aria-label="Emoji: Geld mit Flügeln"> (4/6)
• you can generally earn more interest than an easy access account
• better returns if you have a fixed amount to deposit every month rather than one large deposit

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🪙" title="Coin" aria-label="Emoji: Coin"> FIXED RATE BONDS https://abs.twimg.com/emoji/v2/... draggable="false" alt="🪙" title="Coin" aria-label="Emoji: Coin"> (5/6)
• require you to lock away money for fixed amount of time
• typically 6, 12, or 24 months
• will earn a higher interest rate

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> CASH ISAs https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> (6/6)
• comes in all the above types*
• any interest earned won& #39;t be taxed
• if you expect to earn >£1,000 in interest it& #39;s worthwhile

*refer to posts (2/6)-(5/6) in the thread! https://abs.twimg.com/emoji/v2/... draggable="false" alt="😊" title="Lächelndes Gesicht mit lächelnden Augen" aria-label="Emoji: Lächelndes Gesicht mit lächelnden Augen">

(7/6) END OF THREAD - if you are interested in LEARNING MORE about savings accounts and personal finance in general, read our blog attached! https://abs.twimg.com/emoji/v2/... draggable="false" alt="📚" title="Bücher" aria-label="Emoji: Bücher">

https://www.quirk.money/blog ">https://www.quirk.money/blog"...