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Bank and building society accounts

Bank and building society accounts offer a relatively secure way of saving and a means of earning interest on monies which are usually available on demand or at short notice. Higher rates of interest can be earned from larger deposits and by committing funds for a fixed period. The capital sum is fixed and if the interest is taken as income and spent, then the purchasing power of the remaining capital falls as inflation pushes prices upwards.

Tax treatment is based on individual circumstances and may be subject to change in the future.

Obsidian Financial Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 509756 http://www.fca.org.uk/register.

Obsidian Financial Limited Registered Address: Obsidian House Hints Road Mile Oak Tamworth B78 3PQ. Registered in England & Wales, No. 06925501.

Neither Obsidian Financial Limited nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at http://www.financial-ombudsman.org.uk

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