Cambridge Building Society has released a new issue of its one-year fixed regular savings account onto the market, securing it a chart place and an excellent rating thanks to its eye-catching terms.
The one-year Regular Saver (Issue 4) now pays 3.00% on maturity, a competitive rate that allows it to sit comfortably among the top 10 accounts of its sector.
This account can be opened and operated in branch, by post and by phone with an initial investment of £100.
Deposits of up to £300 can be made each month, although the payment can be amended at any time and there is no penalty for missing a deposit. Unlimited deposits can be made up to the maximum monthly contribution, although savers must be aware that the total that can be saved is £3,600.
No withdrawals are permitted during the term but savers can close the account early, which will result in the loss of 90 days' interest.
Savers who are looking to kick-start their savings will welcome the return of this deal to the market. Not only does it pay an attractive rate but the absence of any penalties for missed deposits and the option to access funds early give this deal some welcome flexibility.
Moneyfacts rating: Excellent
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