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Give your savings a timely boost with Progressive

Give your savings a timely boost with Progressive

Category: Savings

Updated: 01/07/2011
First Published: 01/07/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Progressive BS has launched a new regular savings account that sits near the top of the variable rate tree.

The Clockwork Regular Saver is a variable rate regular savings account with a minimum monthly investment of £20 (maximum £250) paying 3.30% yearly.

Just one withdrawal is permitted per calendar year and no more than one monthly payment can be missed per calendar year. No extra monthly payments are permitted.

If the withdrawal or deposit conditions are not met, the rate will reduce to 0.01%.

The launch of the regular savings account expands the portfolio of Progressive BS and encourages consumers to start the savings habit. At 3.30%, it sits in the top three of variable rate regular savings accounts so should compete well.

Four out of five Moneyfacts stars have been awarded.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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