UK Savings Week tips to grow your wealth

The nation is paying extra attention to their savings this week – and you should too!

Today marks UK Savings Week, so to help you make the most of it, here are our top tips to keep your savings on track.

Top tips for UK Savings Week

1. Save tax-free

Build your savings in the most tax-efficient way. Open a Cash ISA, save up to £20,000 each tax year, and earn a great rate completely tax-free!

The Moneybox Cash ISA paid 53% more than the market average in 2024, so your future wealth will thank you.

ISA and tax rules apply. Other accounts available. Source: CACI’s CSDB, StockStocks, also known as shares or equities, represent units of ownership in a company., Jan – Dec 2024.

Explore Cash ISA

2. Save more today, earn more for tomorrow

Give your savings a boost, maximise your interest, and set your savings up to get more out of life.

Boost savings

3. Automate your savings

Give yourself a break and build your wealth on autopilot. Set up a regular weekly or monthly payment, or choose to round up your spare change.

Set up a regular payment

4. Visualise your end goal

It helps to remember why you started saving in the first place and visualise where you’ll be if you stay on track. Use our handy projections tool in-app to see where your wealth is headed.

Projections are not a guarantee of future value.

It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.