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.
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
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
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 pay interest on your savings each month – as opposed to yearly – a... More
Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were ... More
Easy-access savings accounts are as simple as they sound – they allow you to access your money whene... More
Christmas is just around the corner and our annual festive splurging is starting to step up, but are... More
As savers are no doubt aware, it’s a struggle to earn decent returns in the current market. This is ... 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
Hanley Economic BS has launched a new three-year fixed savings bond, which is a very welcome additio... More
Paragon Bank has launched a new three-year fixed rate bond and a new five-year fixed ISA to compleme... More
Hampshire Trust Bank has bucked the unwelcome rate-cutting trend by increasing the rate on its fixed... More
Masthaven Bank has launched into the savings market with a selection of fixed term bonds, all of who... More
ICICI Bank UK has reduced the rate on its popular easy access account. Despite this, it remains comp... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.