How you can help your savings work harder

Raisin UK gives you access to savings accounts with competitive interest rates, making it easier for you to grow your money

When you’re saving up for a meal at a Michelin-starred restaurant or planning the foodie holiday of a lifetime, you might find yourself wishing for a way to reach your savings target faster. Of course, if you’ve ever set up a savings account, you’ll know how overwhelming it can be when you’re trawling the internet, trying to pick the right one for you. But that's where Raisin UK can help to make the process of opening and managing multiple savings accounts quicker, easier and more rewarding.

So, how does it work? Well, the first thing you should know is that Raisin UK isn’t a bank. It’s an easy-to-use savings platform that allows you to choose from a range of savings accounts at different banks. Think of it like a travel agent, offering you a choice of various holidays and companies to help you find the one for you.

Read on to discover how you can get financially fitter with Raisin UK, and how each account type can help you grow your money.

Move, learn, grow

Thanks to Raisin UK, you can improve your financial fitness in just 30 minutes with these three easy steps.

• Move your savings

Once you register with Raisin UK, you’ll have access to competitive savings accounts from more than 30 banks and building societies. In just a few clicks, you can apply to open as many as you like, then manage everything online or on the app using a single login.

• Learn more about finance

Finance doesn’t have to be boring. You can quickly learn how to make your money go further with Raisin UK’s handy savings guides. Take ten minutes to brush up on your knowledge and get more comfortable with financial terms.

• Grow your money

As Raisin UK partners with specialist and challenger banks, it often has offers available with better rates than you'd normally find on the high street, meaning your savings can start to flourish faster. So, when you compare your current interest rate to what’s available at Raisin UK, you could see a big difference.

Start saving

Whether you’re a beginner saver, you have a lump sum to invest or you wish to increase your existing pot, you’ll find an account for you with Raisin UK. If you have long-term saving in mind, a fixed rate bond typically offers the most competitive interest rate. You make one deposit, which gets locked in at a fixed rate for a set term, so you can just sit back and watch your money grow for anywhere between six months and five years.

Alternatively, notice accounts offer more flexibility than fixed term accounts, while still giving you access to higher rates than a regular current account. This means you'll earn a competitive, variable interest rate, with the flexibility to withdraw after a set notice period – usually between 30 and 180 days. If you don't know when you'll need access to a larger sum, an easy access account offers a higher variable rate of interest than a current account, while also giving you the option to 'top up' your savings and make them work harder for you.

Want to find out more about saving with Raisin UK?