Have you thought about how your savings could contribute to something meaningful? Whether it's saving for your child's future, investing in a new hobby or donating to charity, there are a number of ways your savings could make a difference.

In this blog, we'll explore five ways to make sure your savings can have a lasting impact.

There are lots reasons why you might want save for your kids. From helping with university fees, first home deposits or wedding costs.

One way to save for their future is with a Junior ISA (JISA). JISAs allows you save regularly in a tax-efficient way that will gain interest over time. In the 2025/26 tax year, you’re able to save up to £9,000 in this type of account. A JISA will automatically turn into an adult cash ISA when your child turns 18. At this point, they could decide to keep saving or put the funds towards whatever they like.

Savings accounts like JISAs are also great to help your young ones build a health savings habits. With a JISA, your kids can take control of the account when they're 16, but they won’t be able to take money out until they’re 18. This will give them the chance to save themselves.

Alternatively, our Young Saver Account is designed to help those aged between 7 and 17 learn how to manage their money, while investing in their future.

Are you dreaming of an exotic escape or going to a music festival? You're not alone. Did you know, 56% of people aged 50 and above have big sunny day plans? You've worked hard for your money, so it’s time your money worked hard for you.

The thrill of buying items can fade quickly. But, putting money aside for experiences like holidays, sporting events and live entertainment can create lifelong joy and memories, Both for you and your family or friends.

Giving money to a charity close to your heart can be a powerful way to make a positive change. Even if you put aside a small amount every month, the beauty of compound interest means that this will grow into a more substantial savings pot over time.

Donating to charity also allows you to claim tax relief on your contributions through Gift Aid, so you can be sure that what you give can have an even bigger impact.

If you have children, showing them the importance of donating to charity can set a positive example for the future too. You could involve them by asking them to nominate a different charity every year.

There are lots of different ways to make sure your savings have a lasting impact.

At Coventry Building Society, we share this commitment to positive change. With us, you can rest easy, knowing your savings are in safe hands with a community-focused organisation that cares about making a difference.

Find out more about our range of savings options and how you can start to build your own savings account to make a positive difference here.