Finding your financial way?

Here we’ll shed light on both saving and investing, helping you to distinguish between the two.

Saving vs. investing: key differences

Both saving and investing involve setting money aside for the future. However, they differ in terms of risk, reward, and accessibility:

Saving involves either putting your money in a readily accessible account or locking it away in a fixed-term savings account. Either way, your money remains secure and untouched by market fluctuations. You'll usually earn interest but it typically, over the long term, are unlikely to outpace inflation.

Investing involves buying assets like shares, funds, or bonds, which have the potential for higher returns than savings accounts, but they also carry a higher degree of risk due to potential fluctuations in the market.

Why consider investing?

While short-term ups and downs can occur, history shows that over longer periods the stock market has grown significantly. By investing early and staying invested for the long haul, you give yourself the chance to benefit from this growth potential.

And you might think that you need a lot of money to start investing, but that’s not the case. Even modest contributions can add up significantly over time.

We’ve got your back

Dodl is here to help you make the most of your money. Our investment ISA and Lifetime ISA offer the best of both worlds: earn a competitive interest rate on cash, maximising your returns while you work out what to invest in.

Now that you’ve added some cash, you can explore Dodl’s streamlined range of investment options to suit your risk tolerance and financial goals.

Choose your investment