How bank accounts really work: savings rates and how they are quoted, current versus savings accounts, deposit protection, digital versus traditional banks, fees and fixed-term deposits.
4 articles in this category, updated regularly.
Digital banks, e-money apps and branch banks can look identical on a phone screen. The licence behind each decides how your money is protected, and the service trade-offs differ too.
How deposit guarantee schemes protect bank savings, what the per-person and per-licence limits mean, what is not covered, and how to check whether your bank is protected.
Current and savings accounts are designed for different jobs. Here is why one pays little interest, why the other limits access, and a simple way to route money between them each month.
Why some banks pay more on savings, how AER and APY are calculated, what happens when an introductory bonus ends, and the withdrawal rules that quietly decide what you earn.