Transcript
Many people have one savings account. But did you know that having multiple accounts can help you:
- protect your cash
- grow your money faster
- and stay focused on your financial goals
Let’s start with protection.
If you’re fortunate enough to have substantial savings, spreading them across different UK-authorised banks can help protect your money. The Financial Services Compensation Scheme – or FSCS – covers up to £85,000 per bank.
It’s a simple way to shield your money and give you peace of mind.
Then there’s the laddering technique.
This method divides your cash across different accounts with staggered terms and maturity dates.
