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Savings and investments can be a good way to grow the money you want to put away for the future. But it helps to have a savings guide to help you make the right decisions.
It tells you about the most common accounts and what you can expect from them.
Savings versus investments
With most savings accounts, your money is safe, though any rise in your savings will be limited to the interest rate of your account.
Investing makes your money work harder and the potential rewards are higher. But there is a risk that you may lose some or all of your money. Here's a brief guide to the different savings and investment accounts you might consider.
Savings guide: Instant-access accounts/deposit accounts
These are accounts in which money is saved and that normally pay interest. Your money is secure.
Instant access accounts allow easy access to your savings whereas deposit accounts may require a short period of notice.
Such accounts may offer tiered rates of interest so the more you save, the more you'll earn. With one phone call, money can usually be transferred between your current account and these accounts.
Savings guide: Investments
You don't have to be worth a fortune to think about investing. There are a huge number of options but the earlier you start, the more opportunity the money has to grow.
Think about how much you want to invest and what it's for. Whether you want to save a small amount regularly or have a lump sum to invest, an adviser will be able to help you find the right options for you.
A combination of cash and share investments can meet most savings goals.
Read on to find out more about savings:
 ISA guide
Child Trust Fund guide
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