After all, we all have dreams we want to fulfil and goals we want to reach, and having money saved can help them become a reality.
For most of us, having some cash that we can access quickly, to pay for unexpected things like an unforeseen bill, and some put away that steadily builds up for the future, makes good financial sense.
Lots of ways to save
Whether it’s locking away your money in exchange for a fixed interest rate, saving when you can and accessing your money when you need it, or making the most of tax-free interest, there are lots of ways to save.
One of the safest ways to accumulate cash is to put it into a deposit account. Interest rates, access terms and tax treatment vary widely, so it pays to match the type of account to the job you need it to do.
Building a plan that works
We’ll help you work out how much to keep readily accessible as an emergency fund, how much can be committed for longer, and where cash savings should give way to investing if your time horizon is long enough.
The result is a simple structure you can actually maintain: short-term money kept safe and available, and longer-term money working harder towards the goals that matter to you.
The value of cash savings can be eroded over time by inflation. Tax treatment depends on your individual circumstances and may be subject to change in future.