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.
Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme. The maximum level of protection will be reducing from £85,000 to £75,000 from 1 January 2016.
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.
We know it can be difficult to get into the habit of saving. Other spending can easily get in the wa... More
Think one-year bonds or easy access accounts are the only options if you’ve got a short-term savings... More
When was the last time you changed savings account? For many, it won’t be recent, be it through misp... More
Fixed rate bonds can be one of the best ways to secure a decent return from your money, but if you r... More
Savers, we have some good news – average rates across the fixed savings market have ALL increased fo... 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
Skipton Building Society has increased the rate of its easy access account by 0.15%, enabling it to ... More
Paragon Bank has reduced the rate paid by its one-year fixed bond, but despite this, it has retained... More
Post Office Money has given its easy access deal a helping hand up the Moneyfacts charts with a rate... More
RCI Bank UK has unleashed two highly competitive fixed rate bonds onto the market, both of which hav... More
Furness Building Society has reduced selected variable savings rates, but despite this, its regular ... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.