Regular Savings Accounts - Best Savings Rates | moneyfacts.co.uk

Regular Savings Accounts

  - Compare the best regular savings accounts as chosen by our experts. Where we have been able to we have provided a direct link for you to open an account today.
 
Also look at:

Compare the Best Regular Savings Accounts

Compare
Up to 3 products
side by side
AER Rate Type Notice / Term Min Invest Account Opening Search all 1489 accounts
 

3.50%
Fixed 12 Month Bond £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

3.00%
Variable 1 Year Bond £1
  1. No
  2. Yes
  3. No
  4. Yes
Details...  

3.00%
Variable 1 Year Bond £25
  1. No
  2. Yes
  3. No
  4. No
Details...  

2.50%
Variable 30.06.18 £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

2.30%
Variable Instant £50
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

2.25%
Fixed 20.02.18 £1
  1. Yes
  2. No
  3. No
  4. No
Details...  

2.00%
Variable 1 Year Bond £1
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.00%
Fixed 12 Month Bond £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

2.00%
Variable 1 Year Bond £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

2.00%
Fixed 1 Year Bond £20
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  
Compare
Last Updated: Tuesday 24 January 2017 00:07

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

The UK Government has proposed to increase the deposit protection level from £75,000 to £85,000 of eligible deposits from 30 January 2017.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
Search All Savings Accounts >>
 
Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £75,000 per person per institution.


 
 
Free Brochures and Guides

Regular savings accounts explained

  • Specialist account to help get you into the savings habit
  • Can pay higher rates of interest than normal savings accounts
  • Usually committed to paying in at least £10 per month for a minimum number of payments
  • Can have harsh penalties if you need to make a withdrawal

Regular savings accounts are a great way to adjust yourself to the monthly discipline of putting money aside as savings. They help you to start off your savings pot and encourage you to keep up the monthly contributions by making big interest penalties if you miss a payment. They also try to curb the temptation to raid your savings too, by charging harsh penalties if you make a withdrawal.

WarningRegular savings accounts are designed to kick start your savings. Make sure you can commit to making the minimum monthly contribution, and that you won’t need access to your money during any initial term.

Penny Pig

Missed payment and withdrawal penalties are normally harsher with fixed rate regular savings accounts, but it is also these that tend to pay the best rates.

Normally you will need to make a minimum monthly deposit to the account (usually of at least £10, although this can vary depending on the account you choose). You are also limited to the maximum you can put in each month – typically to £250 or £500.

Regular savings accounts tend to offer higher rates of interest than are available on normal accounts. Fixed rate regular savers are particularly attractive as they can offer higher rates than on equivalent fixed rate bonds, while allowing you to make regular contributions (something that a normal fixed rate bond won’t allow).

What next?

Savings home
Search all regular savings accounts
Regular savings calculator

Savings guides

 
 
 

Savings Tools

Monthly Savings PlanMonthly Savings Plan
Find out what your regular savings plan could be worth.

Lump Sum InvestmentsLump Sum Investments
Use our interest calculator to work out what interest you could earn on your lump sum. Find out what your lump sum investment plan could be worth.

Just 44 savings accounts beat inflation
Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating i... More

Just 47% have money in a savings account
Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get thro... More

How much will you save this year?
How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more wi... More

How to make your savings go further this year
How to make your savings go further this year

The start of a new year is always a good time to sort out your finances, and this year, focusing on ... More

Top accounts to kickstart your 2017 savings habits
Top accounts to kickstart your 2017 savings habits

Is one of your resolutions to save more this year? If so, bravo! It's something we all need to get i... More

Sharia’a compliant savings accounts
Sharia’a compliant savings accounts

Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More

Depositor protection schemes if a bank goes bust
Depositor protection schemes if a bank goes bust

Find out where your bank or building society is licenced, and what deposit protection guarantees you... More

Is now the time to fix your savings rate?
Is now the time to fix your savings rate?

With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More

Union Bank of India improves fixed bonds
Union Bank of India improves fixed bonds

Union Bank of India (UK) Ltd has increased selected fixed term savings rates by up to 0.20%, which s... More

BLME improves all fixed bonds
BLME improves all fixed bonds

BLME has increased rates across its range of fixed bonds, which sees all deals improve their positio... More

Charter Savings Bank launches 5yr bond
Charter Savings Bank launches 5yr bond

Charter Savings Bank has launched a new five-year fixed rate bond, which has entered the Best Buy ch... More

Hanley Economic’s new 2yr fixed bond
Hanley Economic’s new 2yr fixed bond

Hanley Economic BS has launched a new two-year fixed bond, which has entered the Best Buy chart for ... More

New monthly savings account goes top
New monthly savings account goes top

Hanley Economic BS has launched a new monthly savings account, which has entered two Best Buy charts... More

Close