There is a savings account for every saver
High interest savings accounts are normally linked to a transaction account and operated online only. Most savings accounts come with conditions and rules that must be met in order to secure the full ‘bonus’ rate of interest.
Some savings accounts are called ‘goal’ savers and some brand themselves as ‘incentive’ savers. You don’t need to keep your savings account at the same institution that holds your transaction banking account.
There are so many savings account with different rules and conditions there is bound to be one that meets the needs of every saver.