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 up to a maximum level of protection of £75,000 per person per institution.
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.
It hasn’t been a good few years for the savings market. Rates have been on a seemingly permanent dow... More
Figures show that inflation edged up in June to stand at 0.5%, up from 0.3% in May. Despite the rise... More
If you’re looking to secure the best rate on your savings, you generally have one of two options...... More
What’s happened to your savings in the last few months? Well, as far as the savings market as a whol... More
Seeing the children head off to university can be a bittersweet moment for many parents, but it can ... 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
Raphaels Bank has reduced the rate paid on its 60-month fixed bond by 0.15%; however, this hasn’t de... More
Bank of London and The Middle East has reduced the rate paid on its five-year fixed bond by 0.20%. H... More
Close Brothers Savings has launched a new three-year bond onto the market, snatching it a coveted pl... More
Milestone Savings has reduced the rates paid on its fixed rate bonds by as much as 0.35%, but despit... More
Vanquis Bank has reviewed its savings range and increased rates by up to 0.16%, giving a welcome boo... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.