What should I do?
Before you start collecting information about the various savings products you need to have clearly answered the following questions:
- When will you want to withdraw the money?
- What is the minimum amount that you need for a particular purpose or for unexpected expenditure?
- What is the maximum amount that you can afford to be without?
- Once you have this information in mind it is easier to choose one of the various offers open to you.
Example
You have decided to take out a savings account from which you can make free withdrawals. Now you can go and find out about the various providers of this type of account, e.g. by looking at websites that compare financial products or by asking for brochures and terms and conditions.