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Product focus: Regular savings accounts

Product focus: Regular savings accounts

Category: Savings

Updated: 28/04/2011
First Published: 28/04/2011

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 It is now over 6 months old so the content may be out of date.

Savers who prefer to place a set, regular deposit each month may be best suited to a regular savings account. These accounts often have strict terms and conditions, so it may be wise to check the details before committing to one of these deals.

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.
  • The gross rate is guaranteed to be fixed at 4.00% for twelve months.
  • Savers can invest between £1 and £250 and contributions can be amended.
  • Twelve payments are required within a year.
  • No notice is needed to access funds, although only one withdrawal is allowed per year.
  • Failure to meet these conditions will result in a 1.50% loss of interest.
  • The account is available to savers aged 16 and over and can be operated online only.

Buckinghamshire Building Society – Chiltern Gold Builder Issue 2

  • The Chiltern Gold Builder account pays an annual rate of 3.50%.
  • Savers can invest between £25 and £250.
  • Twelve payments must be made within a year and contributions cannot be amended.
  • Funds can be accessed immediately, although there is a limit of one withdrawal a year.
  • Investors who do not meet these conditions will receive the Easy Access account rate for the entire period.
  • The account can be operated by savers of all ages in branch or by post.
Leeds Building Society – Regular Saver Issue 2
  • This account pays an annual rate of 3.05%.
  • Between £20 and £500 must be invested each month and twelve payments are required within a year.
  • Funds can be accessed without advance notice, but are restricted to one withdrawal per year.
  • Savers who exceed these conditions will incur a rate reduction of 3.00%.
  • The account is available to savers aged 18 and over and can be operated in branch and by 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 Any products featured may be withdrawn by their provider or changed at any time.

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