Buying a new house is an exciting time, but saving up for the deposit is slightly less fun. Managing to save enough money to scrape together the money, the mortgage company need, plus any extra needed for fees and furnishings, means that getting a big enough lump sum can take a while.

The most crucial measure is to ensure your money is working as hard as possible for you and bringing the greatest returns possible from the accounts on the market. A good place to start could be to compare savings at moneysupermarket to get an idea of the interest rates currently available on the market.

When you plan on buying the property will determine what kind of savings account is the most suitable. Accounts where the money is not instantly accessible provide the greatest returns and generally stipulate a notice of anything between 7-90 days before a withdrawal is made. Read more »