With interest rates being painfully low it can be hard to motivate yourself into putting cash away. It’s not all about interest rates though, and living below your means is a great way to put cash away for a rainy day or as a cushion for unexpected life events such as redundancy.

However, if interest rates are your motivator then it may be worth looking at fixed rate bonds. This does put a padlock on your cash, but with accounts such as Nationwide offering 2.01% with a minimum deposit of £1 you don’t have to go all in. Split your savings between a fixed rate bond and a easy access saver and it’s happy days. You never know, this could be the start of a whole new beginning!