Make your savings nicer with a Nisa
New Individual Savings Accounts (Nisas) replaced Isas on 1 July, 2014. They allow you to save in cash and/or stocks and shares without having to pay tax on any of the interest that you make. Nisas offer higher annual investment limits than Isas and they're much more flexible. Read our guides for the full detailsSean Davies, Gocompare.com
Build up an emergency fund
Everybody ought to have a certain amount of cash to hand. The rule of thumb is to have three months's essential outgoings (things like rent and food) in an instant-access account. This is called an emergency fundThe Money Advice Service
How can we help you with savings and Nisas today?
With the help of our partners LoveMoney, you can quickly and easily compare hundreds of rates for savings and for New Individual Savings Accounts (Nisas) from all UK savings providers.
If you choose to use our comparison service, the easy-to-use page will present information describing the key facts about each account and will offer you the chance to purchase the products.
Choose either the amount you'd like to deposit or how much a month you'd like to save and the dynamic best-buy table will display the interest rate (AER), term and expected return on your investment, which can be calculated to reflect a term of one year, two years or five years.
If you see an option you like the look of, click on the 'more details' button to check the vital information and - if you're happy - go ahead and click 'apply'.
Amongst the savings accounts on offer, you can choose from easy-access options, peer-to-peer savings and one-, three- or five-year bonds. Nisa accounts can be a fantastic, tax-free way to save your money, and we can help you find the right deal whether you're looking for cash Nisas and/or stocks and shares Nisas.
Did you know...?
- The tax year runs from 6 April to 5 April
- Nisas replaced Individual Savings Accounts (Isas) on 1 July, 2014. The Nisa allowance for 2014-15 is £15,000, increasing to £15,240 for 2015-16
- 21% of consumers have never switched their Nisa or savings accounts
Low interest rates have been with us for some time, meaning it's harder than ever - and more important than ever - to find a good return on your money.
Learn all about the products available by reading our guides, where you'll also find both our frequently asked questions on savings and frequently asked questions on Nisas.
Our guides offer more information on key saving products such as easy-access accounts, fixed-rate bonds, notice accounts, regular-saver deals, peer-to-peer saving, guaranteed equity bonds, affinity accounts, over-50s products and off-shore accounts.
Find out how interest rates and tax rates are displayed and paid, and why you should pay attention to maximum and minimum deposit levels, notice periods, withdrawal restrictions and short-term bonuses.
You'll also find information on National Savings and Investments (NS&I), the Financial Services Compensation Scheme (FSCS) and the Banking Code, plus more general help on why you should save, and the importance of keeping a rainy-day fund.
Many people seem mystified by Nisas but they're basically just regular savings products protected by a tax-free 'wrapper', meaning that you get to keep 100% of the precious interest.
We've got dedicated guides on cash Nisas, stocks and shares Nisas and junior Nisas, with information on allowances, transfers, age restrictions, how many Nisas you can own, and much more.
Nisas replaced Individual Savings Accounts (Isas) on 1 July, 2014, giving savers a much larger annual tax-free allowance and removing restrictions governing how much could be saved in cash and how much in stocks and shares.
Account holders can transfer their Nisa funds from stocks and shares to cash, as well as vice-versa - previously, Isas only allowed a transfer from cash to stocks and shares.