If you’re aiming to save, you’ll need to choose the best account for your savings. Planning now helps give you something to aim for. Here’s what you need to think about in under two minutes – from the experts at Loqbox.
There are a few different types of savings account you could open. To find the right one for you, ask yourself:
1) Do I plan to spend my Loqbox savings straight away?
2) Or do I want to lock them away for a better return?
3) If so, will I aim to keep adding more to my savings after Loqbox?
Once you’ve answered those three questions, check your answers against the cheat sheet. It should be pretty obvious which type of account you should pick.
This post was written and compiled by the credit experts behind Loqbox – a completely free way to build your credit history by saving a little each month. To sign up or read more about the clever way Loqbox works, head to Loqbox.co.uk.
This is part of our Two-minute Money blog series – unlocking the secrets of the financial system, two minutes at a time.