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There are a thousand saving account options out there . The UK bank and building societies offer a number of ways of accessing these, for example, by post, by telephone or online. Your bank or building society can offer you all of the following, but check out the directory below to get a good idea of what's out there.
The following types of saving account are:
Easy Access : providing access to your savings instantly or within a few days without a penalty they offer a slightly lower interest rate will be offered. The minimum investment is normally ?1.
Notice Accounts : generally pay higher rates of interest and require notice to be given before withdrawals can be made, typically 30, 60, or 90 days. The minimum investment required is often several hundred pounds.
Regular Savers Accounts : encouraging regular savings they require a commitment to invest each month. Some have maximum investments per month.