The Summertime Saver from Chorley & District BS has really turned up the heat in the regular savings account market.
With the 2011 holiday brochures out and bookings already being taken, investors can use this account to start budgeting for next year's holiday.
Paying 4.00% when it matures on 31 May 2011, the savings account requires a monthly deposit of between £1 and £150.
Savers will need to hold another Chorley & District BS savings account for the full term as, on maturity, the money must be transferred to a nominated account with the society.
With no withdrawals allowed until the maturity date, the account is unlikely to be of much use to those people saving for a spring break.
However, as one of the market leading rates available for a variable rate regular savings account, and bearing in mind summer is when the holiday season really starts, this account earns four out of five Moneyfacts stars.
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