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Understand the more technical terms around savings
We try to avoid using jargon and keep things simple, but sometimes we need to use specific financial terms. So, if you’re looking to save or invest your money, here is a guide to some of the specific words and phrases you might come across.
Annual Equivalent rate AER
Captial
Compounding
Easy access account
Fixed Rate Bond (FRB)
Gross rate and net rate
Individual Savings Account (ISA)
Interest
Notice Account
Penalty
Tiered interest rates
Variable rate
More guides you may find helpful...

Guide on emergency funds
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Cost of living - 28 day challenge
It’s safe to say, we’re all feeling the pinch at the moment, so follow along with our money-saving, 28 day challenge and see what you could save by making small tweaks to your home and lifestyle.