Big purchases, holidays, a wedding, emergency reserves to dip into if out of work… tucking some spare cash aside regularly makes good money sense.

Picture this, you’ve just landed a cash bonus or been left a sum of money in a will, what saving vehicle will you choose? There’s quite a selection, each offering different terms and incentives.

The first question you should ask yourself is; how quickly do you need access to the money? Would you be prepared to forgo instant access for a higher rate of interest?

Talking to an independent financial adviser could help you:

• decide which saving facilities and features are relevant to you;
• pinpoint what you are saving for and how much you’ll need to set aside to help give you the potential to reach that goal;
• compare the cost of any debts you have accumulated against the interest you are likely earn in savings
• source the most tax efficient savings account.