Updated January 2020.
People professing to wisdom often opine “never a borrower nor lender be” but, while this was a witty phrase in Shakespeare’s Hamlet it is now 2019, and both options are common.
Saving money, through a savings account from a bank or building society, is an interest bearing and low risk investment. If you have cash, you can put it to work in a savings account.
In the course of my travels around the web, I’ve found it is often hard to quickly establish the best rate available… a lot of sites are biased. A lot waffle on about this and that.