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Product focus: Regular savings accounts

Product focus: Regular savings accounts

Category: Savings

Updated: 09/11/2011
First Published: 08/11/2011

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 It is now over 6 months old so the content may be out of date.

Regular savings accounts pay some of the best rates in the market. Savers must remember, however, that these deals often have strict terms and conditions relating to accessing funds and regular investments.

Here is a selection of some of the best deals currently available.

Norwich & Peterborough Building Society - E-Regular Saver

  • This account pays a rate of 4.00% on its anniversary including a bonus of 2.15% for twelve months.
  • Savers can invest between £1 and £250 and contributions can be amended.
  • Twelve payments must be made a year and only one no and penalty free withdrawal is permitted in a year.
  • Failure to meet these terms will result in 1.50% loss of interest.
  • The account is available to savers aged 16 and over and can be operated, as the name suggests, online only.


Buckinghamshire
Building S ociety - Chiltern Gold Builder Issue 2

  • Buckinghamshire Building Society's regular savings account pays an annual rate of 3.50%.
  • Between £25 and £250 can be invested and twelve payments must be made per year.
  • No notice is required to access funds, although only one withdrawal is allowed per year.
  • Savers who exceed one withdrawal or miss payments will receive the Easy Access account rate for the entire period.
  • The account can be operated by investors of all ages in branch or by post.


Leeds
Building Society - Regular Saver Issue 2

  • This account pays an annual rate of 3.05%.
  • Savers can invest between £20 and £500 and contributions can be amended.
  • Twelve payments must be made a year and only one no and penalty free withdrawal is permitted in a year.
  • Failure to meet this requirement will result in a rate reduction of 3.00%.
  • The account can be operated by savers aged 18 and over in branch and by post.
Find the best savings accounts for you - Compare regular 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 Any products featured may be withdrawn by their provider or changed at any time.

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