It's probably safe to say that most people like to get as much mileage out of their money as possible. At a basic level, this may involve simply avoiding unnecessary spending on luxury items, thereby accumulating a sizeable little sum over a number of years that can be used to cover any of life's little essentials.

But making money really go that extra mile takes a little more effort than simply watching the pennies. To make savings really grow requires research, persistence and just a little bit of financial savvy too. And part of this process will involve identifying the best saving options ? but this will depend on the amount of money concerned.

For those who just want to squirrel away a little money every month, then a simple ISA savings account is probably the best choice, as it offers a tax-free return on all interest payments. There are limits on how much can be invested each year though, so for those looking to save more than a few thousand pounds annually, it's worth investigating additional savings accounts where the money can be spread around. They won't all offer tax-free returns, but most will offer significantly higher rates of interest than a standard current account.

Those who are looking to get a sizeable return on their initial investment in a relatively short period of time might want to consider investing in company shares; however, there is an element of risk to this, given that it's difficult to predict the future fortunes of any single organisation. And many people may not be too comfortable entrusting their future nest-egg to the fate of one business.

And this is where an offshore bank account can help to bridge the divide between traditional bank savings schemes and the lucrative investment possibilities of the London Stock Exchange. An offshore bank account is essentially a bank located in a country other than that of where the depositor is domiciled. There can be many advantages to using offshore banking facilities, such as lower taxation levels. And typically, many of these accounts often require a higher initial level of investment, but this also means that the rewards can be far greater too.

An offshore , for example, is linked directly to the FTSE 100 Index, meaning that the return on the initial investment doesn't depend on the fortunes of one company, but the 100 most capitalised UK companies that are listed on the London Stock Exchange.

Furthermore, it's possible to open an equity income account in a combination of sterling or US dollars, which will at least go some way towards hedging against volatile exchange rates. It's also worth noting that there are limits and restrictions on many of these kinds of accounts and it probably goes without saying that it's wise to read all the small print before committing to anything.

So for those looking to make the most of their money, there is usually something to suit all financial requirements. From simple ISA accounts to offshore equity income accounts, there are a whole host of savings options worth investigating.