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Product focus: Regular savings accounts

Product focus: Regular savings accounts

Category: Savings

Updated: 06/12/2011
First Published: 06/12/2011

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 It is now over 6 months old so the content may be out of date.

Whilst Christmas 2012 may still appear far away, customers may consider spreading the cost of next Christmas and opt for a regular savings account.

These accounts are specifically aimed at those saving for Christmas next year.

Here's a selection of accounts which will mature in time next year to get the Christmas shopping done.

Principality Building Society – Christmas Regular Saver Bond

  • The Christmas Regular Saver Bond pays a fixed rate of 5.01%.
  • Savers can invest between £20 and £300 a month and contributions can be amended within these limits.
  • The account can be operated in branch and matures on 29 November 2012.
  • If a payment is missed the interest payable will be that of the instant access account.

Chelsea Building Society – Christmas Saver 2012

  • Chelsea Building Society's Christmas Saver pays a fixed rate of 3.50%.
  • The minimum opening amount is £10 and savers have the option of investing money regularly and/or making a lump sum investment up to £1,200.
  • The account matures on 30 November 2012 and can be operated in branch or by post.
  • Early access to funds will result in a 90 day loss of interest.

Skipton Building Society – My Christmas Savings

  • The My Christmas Savings account would be more suited to people who need to access cash at short notice.
  • This account has a variable rate of 2.25% paid yearly and a monthly rate of 2.23% with a minimum deposit of £1 up to a maximum of £1 million.
  • Customers must be aged 16 or over and apply by telephone, branch or post.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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