High interest rates? Time to get saving
Money Clinic with Claer Barrett
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The Benefits of Separating Your Savings Pots
One of the real benefits of separating your savings pots is to sort of being able to think about what your savings are for. So often we find this particularly amongst people who are retired, they might have a big bunch of cash that's sitting in an account waiting. You can put it into a fixed rate savings account, which is tied up for a specific period of time. And in return, you get better interest. Now, another one for the digital savings buffs is saving without realizing it. If not paid it to the coffee shop, they've paid it into your savings instead. It's rounding up to the nearest pound and making sure that the spare change is going into your saving.
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