10th September 2024
To celebrate UK Savings Week, we’re taking a look at the sillier sides to savings and focusing on how different savings accounts can help achieve your financial goals.
UK Savings Week is here, and while it's the perfect time to think about your financial future, it doesn’t all have to be serious! Let’s have a bit of fun with some “silly” saving tips before we dive into the savvy savings options that could help you reach your financial goals.
Silly Tip: Hide your money in the fridge
Why not try stashing your cash in the fridge? Out of sight, out of mind! Just be careful not to freeze your savings or confuse it with the leftovers!
Savvy Move: Open a Regular Savings Account
For a more practical (and warmer) approach, consider a Regular Savings Account. This type of account encourages you to set aside a certain amount each month, making it easier to build up a savings pot over time.
By committing to monthly deposits, a Regular Savings Account is an excellent choice for those aiming to cultivate a consistent savings habit. Plus, with interest earned over time, your savings will grow more than they ever could sitting in your fridge!
Silly Tip: Save and See Jar
Whenever you feel the urge to spend, write down the item on a piece of paper and place it in the jar for a month. Once the month is over, review your jar and see if you still want or need those items. It’s a playful way to make sure you're saving with a purpose!
Savvy Move: Try a Notice Account
If you’re the type of person who needs a little extra time to think before dipping into your savings, a Notice Account is a great option. This account requires you to provide notice before you can withdraw any funds—so you'll have time to decide if that splurge is really worth it!
A notice account is ideal for those who are tempted by impulse buys but want a little safeguard against quick withdrawals. You'll earn interest while your savings stay tucked away, giving you more time to reflect on your spending decisions.
Silly Tip: Bury your savings in the garden (and draw a treasure map)
If you’re really committed to not touching your savings, why not get a friend to bury it in the garden and create an elaborate treasure map?
Savvy Move: Lock it in with a Fixed Rate Bond
A Fixed Rate Bond works similarly to your treasure map idea but without the risk of forgetting where you hid your money! With a Fixed Rate Bond, your savings are locked away for a set period—giving you peace of mind that your funds will stay secure while earning a fixed rate of interest.
This option is great for those who don’t need immediate access to their savings and want to benefit from a guaranteed rate of return over time.
No matter how you choose to save—whether it’s with a bit of humor or through a strategic savings plan—the most important thing is to make a start. With the right savings account, you can turn your financial dreams into reality, all while earning interest along the way. This UK Savings Week, why not swap the silly for the savvy and find a savings solution that fits your lifestyle?
Explore our range of savings accounts today and take the first step toward achieving your financial goals—because smart savings today means a brighter future tomorrow!