Hi there

First stop is saving accounts. Almost every person has a saving account, but also almost every person is using the wrong one!

The most common reason for this is once someone has a bank they tend to stick with it, weather through laziness, being unaware of whats out there or just through trust and knowledge of their bank. Whatever reason it is, it is costing them a lot of free money they could be making. All it takes is a little research and filling out a form and then Bang your making much more money on your savings.

First stop with savings is an ISA, this a special bank account where you are allowed to save £5100 tax free a year. They usually have a very good interest rate as well. The reason to start with a an ISA is in any other account you have any interest you earn will be taxed by the government. Which makes your savings less effective.
The government will not touch any money that you put into an ISA, but bear in mind you can only put away £5100 each year. If you can save more than this any excess on top of the £5100 should then go into a high interest savings account.

Now you should shop around for both ISA's and savings accounts as every bank offers different rates and benefits so you can decide what suits your lifestyle best. The majority of people will want to select whichever bank offers the highest interest rate in both situations. Although my warning to you on this is that a lot of banks now try to lure you in with a high "introductory rate" and then after 12months it drops to a much lower rate. Now there is nothing wrong with this, but if you want to be savvy and take advantage of this you need to keep jumping between the "introductory rate" each time it runs out. Then you get the best of both worlds! Also other things to worry about are accounts with withdrawal limits, which means you can only withdraw a certain amount of times per year. Accounts can have different levels of access, the normal and most common is easy access, where you can access your funds as many times as you like and when you want. Some accounts you have to give the bank a certain amount of notice which is defined by the account type, and some you have to lock your money away for a certain period of time which quite often a year or more!! There is a reward for doing this, which is usually the best interests rates available!

Even a few years ago doing all of this would of been a problem but now with everything being online it usually takes 5mins to fill out a form and the bank does the rest for you! So you have no excuse not to do it. So of you go!