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Product focus: Regular savings accounts

Product focus: Regular savings accounts

Category: Savings

Updated: 03/12/2010
First Published: 03/12/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Regular savings accounts can often pay some of the best rates in the market. These products often have strict terms and conditions, such as limitations on the number of withdrawals allowed, so may only suit those who are disciplined with their money.

Here is a selection of some of the best regular savings accounts.

Norwich & Peterborough Building Society – E-Regular Saver

This account pays an annually rate of 4.00% including an introductory bonus rate of 2.15% for twelve months. The gross rate is guaranteed to be fixed at 4.00% for twelve months. Between £1 and £250 can be invested and contributions can be amended up to the maximum limit. Twelve payments are required per annum. Savers who miss payments or make more than one withdrawal will incur a 1.50% loss of interest. The account is available to savers aged 16 and over and can be operated online only.

Buckinghamshire Building Society – Chiltern Gold Builder Issue 2

This account pays an annual rate of 3.50%. Savers can invest between £25 and £250. Contributions cannot be amended. Twelve payments are required a year. If payments are missed or more than one withdrawal is made in a year the rate will revert to that of the Easy Access deal for the entire period. The account can be operated in branch or by post by savers of all ages.

Beverley Building Society – Monthly Saver

The Monthly Saver from Beverley BS pays an annual rate of 3.10%. Monthly deposits range between £10 and £1,000 and contributions can be amended. Twelve monthly payments must be made within a year. The rate will reduce by 3.00% for savers who miss payments and those who exceed more than one withdrawal a year will be subject to a 30 day loss of interest. The account is available to savers of all ages and can be operated by post or telephone.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.