Savings
Making your money work harder
Save smarter, live better
Just like you need petrol to run a car, money provides you with the means to live your life. Big purchases, holidays, a wedding, emergency reserves to dip into if out of work … tucking some spare cash aside regularly makes good money sense.
Picture this, you’ve just landed a cash bonus or been left a sum of money in a will, what saving vehicle will you choose? There’s quite a selection, each offering different terms and incentives.
The first question you should ask yourself is; how quickly do you need access to the money? Would you be prepared to forgo instant access for a higher rate of interest?
Talking to an independent financial adviser will help you:
- decide which saving facilities and features are relevant to you;
- pinpoint what you are saving for and how much you’ll need to set aside to reach that goal;
- compare the cost of any debts you have accumulated against the interest you are likely earn in savings
- source the most tax efficient savings account.
To discover new ways in which you can make your money work more effectively, contact us today.
Cash ISA
A Cash ISA is a tax-efficient savings account offered by banks, building societies, and other financial institutions in the UK.
It allows you to save money while shielding your interest income and capital gains from tax, making it a valuable tool for growing your wealth.
Effects of compound interest
Compound interest refers to the process of earning interest on both the initial principal and any accumulated interest.
Unlike simple interest, which is calculated solely on the principal amount, compound interest has the power to accelerate the growth of your investments over time.
Banks and Building Societies
When it comes to saving, Heritage offers a range of savings account options to suit your needs.
Our savings accounts provide competitive interest rates and flexible deposit and withdrawal options, ensuring that your funds are easily accessible when you need them.
Cash ISA
A Cash ISA is a tax-efficient savings account offered by banks, building societies, and other financial institutions in the UK.
It allows you to save money while shielding your interest income and capital gains from tax, making it a valuable tool for growing your wealth.
Effects of compound interest
Compound interest refers to the process of earning interest on both the initial principal and any accumulated interest.
Unlike simple interest, which is calculated solely on the principal amount, compound interest has the power to accelerate the growth of your investments over time.
Banks and Building Societies
Knowing you’ve a utopia filled with lots of personal memories to retreat to, gives a certain sense of security. When you’ve invested so much in your home, why risk losing it all?