Product focus: Regular savings accounts - Savings - News - Moneyfacts


Product focus: Regular savings accounts

Product focus: Regular savings accounts

Category: Savings

Updated: 18/02/2013
First Published: 13/05/2010

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 It is now over 6 months old so the content may be out of date.

Many savers still prefer to conduct their finances face to face in branch with an advisor, as opposed to online or telephone banking.

A number of providers offer branch based savings products, including regular savings accounts.

Here is a selection of the current best deals.

Scottish Building Society – Regular Bonus Saver

This account pays an annual rate of 4.00%. Savers can invest between £25 and £500 and contributions cannot be amended. Eleven payments must be made in a year. No advance notice is required to access funds, however, the rate will reduce by 3.00% if more than one withdrawal is made in a year or if any payments are missed. The account can be operated by savers of all ages in branch or by post.

Buckinghamshire Building Society – Chiltern Gold Builder Issue 2

The Chiltern Gold Builder pays an annual rate of 3.50%. Between £25 and £250 can be invested each month. Contributions cannot be amended and the initial investment must be made by cheque. Must be new money to the institution. Funds can be accessed immediately, although only one withdrawal is permitted a year. Failure to adhere to this condition and also missed payments will result in the rate reverting to the Easy Access account for the entire period. The account is available to savers of all ages and can be operated in branch or by post.

Ipswich Building Society – Smart Save

Ipswich Building Society is offering savers who invest between £10 and £500 per month a variable rate of 3.50% on its Smart Save account. The rate includes a 3.00% bonus, which is payable providing customers make 11 payments per annum. Monthly payments into the account can be amended. Savers can get instant access to their money, but if more than one withdrawal is made per annum the account is closed.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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