How to save your money in a Deposit Account and make it grow

Saving money is one of the smartest financial habits you can build, but simply putting it aside isn’t always enough. If your savings are sitting idle in a current account, you’re missing out on how to make your savings grow. The good news? You don’t need to take big risks to see your money work harder. Deposit accounts offer a safe, reliable way to earn interest and build your financial future. Whether you're saving for a rainy day, a big purchase, your future or just want to make the most of your hard-earned cash, choosing the right deposit account can help you reach your goals faster.

Why deposit accounts are a safe way to save

Deposit accounts are ideal for anyone who wants to grow their savings without the ups and downs of investing. Your money stays secure, and you earn interest over time, no market volatility, no guesswork. They’re especially useful for short to medium-term goals, offering peace of mind and predictable returns.

How deposit interest rates work and why it matters

Earning interest on your savings is essentially a reward for saving. The longer you commit your money, the more you can earn. Here’s a quick look at the main types of deposit accounts:

• Fixed-Term Deposit Accounts: You lock in your money for a set period (e.g., 3, 6, or 12 months) and receive a guaranteed interest rate. Generally, the money cannot be accessed for the term of the account, except in exceptional circumstances. These typically offer the highest returns.
• Notice Accounts: You agree to give advance notice before withdrawing funds (e.g 7 days)—offering a balance between flexibility and return, you can earn a bit more interest than instant access savings, but less than fixed term deposit accounts.
• Instant Access Accounts: You can withdraw your money anytime, but the interest rate is usually lower than fixed term and notice deposit accounts.
• Choosing the right deposit account for your savings depends on your goals and how soon you might need access to your funds.

How to grow savings easily with Bankinter Deposit Plus

If your savings have been snoozing in a current account or low interest savings account, it’s time to wake them up. Bankinter’s Deposit Plus is designed to help you make the most of your money with one of the most competitive deposit interest rates in the market and flexible options to suit your needs. View Bankinter’s Deposit Plus offerings.

Whether you’re saving for a holiday, a home upgrade, or just want to see your money grow, Bankinter Deposit Plus makes it easy. You can apply online through our website or app in just a few clicks.

With guaranteed returns, flexible term options, and an easy online sign-up, Bankinter makes saving simple. And with our market-leading 6-month deposit rate, there’s never been a better moment to wake up your sleepy money and put it to work.