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TYPES OF SAVINGS ACCOUNTS: A THREAD (1/6) read our blog post HERE for more information! https://www.quirk.money/post/savings-101
EASY ACCESS FUNDS (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
NOTICE ACCOUNTS (3/6)⢠need give providers advance notice to withdraw funds
⢠advance notice can be up to 30, 60, to 90 days
REGULAR SAVERS (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
FIXED RATE BONDS (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
CASH ISAs (6/6)⢠comes in all the above types*
⢠any interest earned won't be taxed
⢠if you expect to earn >£1,000 in interest it's worthwhile
*refer to posts (2/6)-(5/6) in the thread!
(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://www.quirk.money/blog
https://www.quirk.money/blog
