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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AER Rate Type Notice / Term Min Invest Account Opening Search all 1681 accounts
 

Special Saver Issue 4
4.00%
Variable 31.10.16 £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

Regular Savings
4.00%
Variable 1 Year Bond £25
  1. No
  2. Yes
  3. No
  4. No
Details...  

12 Month Fixed Rate Members' Regular Saver (Iss 3)
3.50%
Fixed 12 Month Bond £10
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

Adults' Fixed Rate Regular Saver (Issue 3)
3.30%
Fixed 12 Month Bond £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

Regular Saver
3.10%
Variable Instant £10
  1. No
  2. Yes
  3. No
  4. No
Details...  

Regular Saver Issue 3
3.05%
Variable Instant £50
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

Regular Saver 300
3.00%
Variable 3 Year Bond £25
  1. No
  2. Yes
  3. No
  4. No
Details...  

One Year Regular Saver 2
2.90%
Variable 12 Month Bond £100
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

Regular Savings
2.25%
Variable Instant £25
  1. No
  2. Yes
  3. No
  4. No
Details...  

Furness Lifestyle Saver
2.05%
Variable Instant £1
  1. No
  2. Yes
  3. Yes
  4. No
Details...  
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Last Updated: Thursday 3 September 2015 17:26

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.

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. The maximum level of protection will be reducing from £85,000 to £75,000 from 1 January 2016.

 
 
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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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