You are planning to open a savings account Is it complicated to open one. Are there different types of savings account?

Storing money under your mattress is not always the best way to care for your savings, investing in a savings account can allow you to earn money on your savings. There are a variety of different types of accounts you can use and different payment options, whether you deposit a lump sum or pay a monthly standing order or direct debit. Whether it's with an easy access account, a fixed term or fixed rate, flexible saver, or a premium bond, an exception is with an ISA which is limited to the amount of money you can put into it annually.