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.
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.
Regular 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.
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).
Savings home Search all regular savings accounts Regular savings calculator
Stay in the know with all the latest information, of-the-moment consumer trends, best-in-class products & providers and helpful tools from Moneyfacts.
Monthly Savings PlanFind out what your regular savings plan could be worth.
Lump Sum InvestmentsUse 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.
Monthly interest savings accounts, as their name suggests, pay interest on your savings each month (... More
It isn’t a bad time to be a consumer at the moment. Indeed, several reports have highlighted a rise ... More
If you’re looking for the best returns on your hard-earned cash, but don’t want to lock your money a... More
The latest official inflation figures show that the Consumer Prices Index (CPI) remained at its reco... More
How often do you splurge on everyday indulgences? Those seemingly innocent snacks, coffees and takea... More
Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More
Find out where your bank or building society is licenced, and what deposit protection guarantees you... More
With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More
Paragon Bank has boosted its savings range by upping the rate of its competitive two-year fixed acco... More
Charter Savings Bank has taken the savings market by storm with a 95-day and 120-day notice account. ... More
Tesco Bank has given selected savings accounts a welcome rate boost of up to 0.60%, catapulting an e... More
United Bank UK has given selected fixed accounts a welcome rate boost of up to 0.50%. As a result, i... More
Nottingham Building Society has made its presence known in the easy access sector with a new no noti... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.