ETF vs Index Fund – What’s the Actual Difference?
ETFs and index funds often hold the same investments. The difference between...
Compare savings accounts and investment platforms. Find the best rates and lowest fees for your money.
Compare ISAs, GIAs, SIPPs and savings accounts. Choose an account type to start comparing.
Build your knowledge with educational guides on ISAs, pensions, fees, and more.
Not sure which account type suits your needs? Here's a quick comparison of the main options.
| Easy Access Savings | Fixed Rate Savings | Cash ISA | Stocks & Shares ISA | SIPP | GIA | |
|---|---|---|---|---|---|---|
| Risk | None (FSCS protected) | None (FSCS protected) | None (FSCS protected) | Capital at risk | Capital at risk | Capital at risk |
| Typical returns | ~5% AER (variable) | ~4.5-5% AER (fixed) | ~4-5% AER | Market dependent | Market dependent | Market dependent |
| Tax on interest/gains | Yes* | Yes* | Tax-free | Tax-free | Tax-free | Yes (after £3k) |
| Tax on dividends | N/A | N/A | N/A | Tax-free | Tax-free | Yes (after £500) |
| Tax relief | No | No | No | No | Yes (20-45%) | No |
| Annual limit | None | None | £20k* | £20k* | £60k | None |
| Access | Anytime | Fixed term | Anytime** | Anytime | From age 55 | Anytime |
| Best for | Emergency fund | Known future expense | Higher-rate taxpayers | Long-term growth | Retirement | Overflow, flexibility |
*ISA allowance is £20k total across all ISA types. Personal Savings Allowance: £1,000 (basic rate) / £500 (higher rate) / £0 (additional rate)
**Many Cash ISAs offer easy access; some are fixed rate
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