Why save?
With so many saving and investing options to choose from, it can sometimes be tricky to make the most informed selection. So we've put together some key questions to ask yourself before you decide what's right for you..
1 Instant access - or a longer term commitment?
Start by considering how often you'd like to access your money. If you need instant access at any time, our Instant Access Savings Account could be more appropriate than our Fixed Term Deposits. On the other hand, if you're happy to tie-up your money for anything from a few months to a few years, you could get a better return with our Fixed Term Deposits or OLEDs.
2 Flexibility - or certainty?
If you need to know what you'll be getting back and when, our Fixed Term Deposits offer absolute certainty. With fixed interest over a fixed period of time, it's easy to calculate your return in advance. Our Instant Access Savings Account has variable rates of interest that rise as you save more, and no time limit, so the amount you could get back could vary.
3 How much would you like to invest?
Some of our savings or investment accounts need a minimum investment to get started. Our Sterling and Dirham Fixed Term Deposit Accounts both have a minimum opening balance of AED 100,000 (or equivalent). And if you'd like to open an OLED account, the minimum investment is £10,000 (or $15,000). If you'd like to start off with less and watch your money grow, our Instant Access Savings Account doesn't need a minimum deposit at all.
4 Lump sums - or regular saving?
Do you want to build on your saving or investment every month - or put a lump sum away and sit back? Our Instant Access Savings Account offers tiered rates, and the more you save, the more you'll earn. So it's perfect for saving more every month. Our Fixed Term Deposits and OLEDs are better if you've got a sum to invest that you don't want to add to every month.
If you need help and advice at any stage, please ask us. Our UK-trained savings and investments experts are full of inspiration to help make your money go even further.
To make an appointment for a personalised health check, just call 04-4377000