Compare the best regular savings accounts with 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.
 
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Compare the Best Regular Savings Accounts

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AER Rate Type Notice / Term Min Invest Account Opening Search all 1456 accounts
 

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

3.25%
Variable 1 Year Bond £25
  1. No
  2. Yes
  3. No
  4. No
Details...  

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

3.00%
Variable 31.03.18 £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 20.12.17 £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...
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2.00%
Variable Instant £10
  1. No
  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...  
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Last Updated: Friday 9 December 2016 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.
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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.
 
 
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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).

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