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What are Regular Savings ISAs?

Regular savings ISAs are a way to regularly save money in a tax-free savings account, which can be a great way to get into the savings habit. These accounts typically pay higher rates than standard easy access or notice ISAs, but they can come with far more restrictions. View today's best rates below or read our regular savings ISA guide to learn more.  

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Best Rates - Regular Savings ISAs

  • Ipswich BS Logo
    Ipswich BS Monthly Saver ISA (Issue 3) FSCS logo
    FSCS logo
    AER
    2.00%
    Account Type
    Regular Savings ISAs
    Notice / Term
    05.04.21
    Interest Paid
    Yearly
    Opening Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Managing Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Rates
    Conditions
    Information
    Opening Restrictions
    ISA Information
    Additional Information

    Rates

    Rate 2.00% paid at £10
    AER 2.00% paid at £10
    Interest Paid Yearly
    Interest payment Interest must be compounded
    Min Opening Amount £10
    Max Investment £0
    Introductory bonus N/A

    Conditions

    Number of Permitted Withdrawals 0
    Withdrawal Penalty Earlier access on closure only subject to 120 day loss of interest.
    Minimum Number of Payments 12
    Missed Payment Penalty Account will be transferred to an Everyday ISA account.
    Regular Savings
    Min Monthly Deposit £10
    Max Monthly Deposit £1,667

    Information

    Min Age 16
    Max Age 0
    Taxation
    Interest is paid tax free

    Opening Restrictions

    Existing Members and/or Locals (IP, NR, CO, CM, CB and PE postcodes only.)

    ISA Information

    Transfers In - Cash ISAs
    Transfers In - Stocks & Shares ISAs
    Transfers In - Help to Buy ISAs
    Additional Permitted Subscription ISA
    Transfer Notes -
    Flexible Rules Apply
    Split ISA Allowance Between Different ISAs With Same Provider

    Additional Information

    N/A
  • Vernon BS Logo
    Vernon BS Regular Saver ISA FSCS logo
    FSCS logo
    AER
    1.95%
    Account Type
    Regular Savings ISAs
    Notice / Term
    Instant
    Interest Paid
    Yearly
    Opening Account
    Not Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
    Rates
    Conditions
    Information
    Opening Restrictions
    ISA Information
    Additional Information

    Rates

    Rate 1.95% paid at £25, 1.45% paid at £25K on portion of balance
    AER 1.95% paid at £25, 1.45% paid at £25K on portion of balance
    Interest Paid Yearly
    Interest payment Interest must be compounded
    Min Opening Amount £25
    Max Investment £0
    Introductory bonus N/A

    Conditions

    Number of Permitted Withdrawals 2
    Withdrawal Penalty 1.00% loss of interest.
    Minimum Number of Payments 11
    Missed Payment Penalty 1.00% loss of interest.
    Regular Savings
    Min Monthly Deposit £25
    Max Monthly Deposit £500

    Information

    Min Age 16
    Max Age 0
    Taxation
    Interest is paid tax free

    Opening Restrictions

    Locals (Within a 25 mile radius of Stockport.)

    ISA Information

    Transfers In - Cash ISAs
    Transfers In - Stocks & Shares ISAs
    Transfers In - Help to Buy ISAs
    Additional Permitted Subscription ISA
    Transfer Notes -
    Flexible Rules Apply
    Split ISA Allowance Between Different ISAs With Same Provider

    Additional Information

    N/A
  • Progressive BS Logo
    Progressive BS Clockwork Regular ISA Saver Issue 2 FSCS logo
    FSCS logo
    AER
    1.55%
    Account Type
    Regular Savings ISAs
    Notice / Term
    Instant
    Interest Paid
    Yearly
    Opening Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Managing Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Rates
    Conditions
    Information
    Opening Restrictions
    ISA Information
    Additional Information

    Rates

    Rate 1.55% paid at £20
    AER 1.55% paid at £20
    Interest Paid Yearly
    Interest payment Interest can be paid away or compounded
    Min Opening Amount £20
    Max Investment £0
    Introductory bonus N/A

    Conditions

    Number of Permitted Withdrawals 1
    Withdrawal Penalty Reverts to Instant Access Cash ISA.
    Minimum Number of Payments 11
    Missed Payment Penalty Reverts to Instant Access Cash ISA.
    Regular Savings
    Min Monthly Deposit £20
    Max Monthly Deposit £1,667

    Information

    Min Age 16
    Max Age 0
    Taxation
    Interest is paid tax free

    Opening Restrictions

    Locals (Northern Ireland. )

    ISA Information

    Transfers In - Cash ISAs
    Transfers In - Stocks & Shares ISAs
    Transfers In - Help to Buy ISAs
    Additional Permitted Subscription ISA
    Transfer Notes -
    Flexible Rules Apply
    Split ISA Allowance Between Different ISAs With Same Provider

    Additional Information

    N/A
  • Hanley Economic BS Logo
    Hanley Economic BS Cash ISA Regular Saver FSCS logo
    FSCS logo
    AER
    1.40%
    Account Type
    Regular Savings ISAs
    Notice / Term
    Instant
    Interest Paid
    Yearly
    Opening Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Managing Account
    Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
    Rates
    Conditions
    Information
    Opening Restrictions
    ISA Information
    Additional Information

    Rates

    Rate 1.40% paid at £20
    AER 1.40% paid at £20
    Interest Paid Yearly
    Interest payment Interest can be paid away or compounded
    Min Opening Amount £20
    Max Investment £0
    Introductory bonus N/A

    Conditions

    Number of Permitted Withdrawals 1
    Withdrawal Penalty 30 day loss of interest.
    Minimum Number of Payments 9
    Missed Payment Penalty account closed or balance transferred to an Instant Access Cash ISA account.
    Regular Savings
    Min Monthly Deposit £20
    Max Monthly Deposit £1,667

    Information

    Min Age 16
    Max Age 0
    Taxation
    Interest is paid tax free

    Opening Restrictions

    N/A

    ISA Information

    Transfers In - Cash ISAs
    Transfers In - Stocks & Shares ISAs
    Transfers In - Help to Buy ISAs
    Additional Permitted Subscription ISA
    Transfer Notes -
    Flexible Rules Apply
    Split ISA Allowance Between Different ISAs With Same Provider

    Additional Information

    N/A
  • Newcastle BS Logo
    Newcastle BS Newcastle First Home ISA FSCS logo
    FSCS logo
    AER
    1.26%
    Account Type
    Regular Savings ISAs
    Notice / Term
    Instant
    Interest Paid
    Monthly
    Opening Account
    Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
    Managing Account
    Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
    Rates
    Conditions
    Information
    Opening Restrictions
    ISA Information
    Additional Information

    Rates

    Rate 1.25% paid at £1
    AER 1.26% paid at £1
    Interest Paid Monthly
    Interest payment Interest must be compounded
    Min Opening Amount £1
    Max Investment £40,000
    Introductory bonus N/A

    Conditions

    Number of Permitted Withdrawals 0
    Withdrawal Penalty Rate reduced by 0.65%.
    Minimum Number of Payments 12
    Missed Payment Penalty Rate reduced by 0.65%.
    Regular Savings
    Min Monthly Deposit £1
    Max Monthly Deposit £1,000

    Information

    Min Age 16
    Max Age 0
    Taxation
    Interest is paid tax free

    Opening Restrictions

    N/A

    ISA Information

    Transfers In - Cash ISAs
    Transfers In - Stocks & Shares ISAs
    Transfers In - Help to Buy ISAs
    Additional Permitted Subscription ISA
    Transfer Notes subject to the monthly maximums.
    Flexible Rules Apply
    Split ISA Allowance Between Different ISAs With Same Provider

    Additional Information

    N/A

Select a Savings Category

Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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Regular savings ISAs explained

Leanne Macardle

Leanne Macardle

Editor

With regular savings ISAs you’re usually only able to save up to a certain amount each month and in many cases are required to make a set number of payments a year, and can be penalised if you miss a monthly deposit. Some accounts will allow restriction-free access to funds but many, particularly those with a fixed term, will penalise you for doing so, which means it’s essential to double-check the details of any account.

How our regular savings ISAs comparison chart works

Our regular savings ISAs comparison chart is an easy way to compare the best accounts currently available on the market. At the top of the chart are the accounts that can be applied for directly by clicking on the ‘Go To Provider’s Site’ button, with the remaining accounts organised to show the highest rate towards the top and the lowest rates at the bottom. To make it even easier for you to find the right regular savings ISA, you can refine your search results by changing the investment amount, investment type, account type, interest paid, notice/term, and the account management and opening options. You can also untick the relevant box to be presented with the highest-rate deals first, whether or not they come with a quick link.

As well as regular savings ISAs the chart also includes cash ISAs that do not have restrictions on the frequency of deposits.

How to choose the best regular savings ISA for you

When comparing regular savings ISAs to decide which is the best one for you there are a number of factors you need to take into consideration. The interest rate being offered will of course impact your decision, however you will have unique requirements from a savings account and should also keep in mind factors such as how quickly you can access your money and how the account can be opened and managed, not to mention the potential penalties incurred should you miss a monthly payment. Make sure to check the further details of any account thoroughly before you make your decision.

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