Latest banking news

Inflation all wrapped up

Oliver Roylance-Smith / 01 February 2012

Recent weeks have provided confirmation of the interest rate status quo from the Bank of England along with the release of the latest inflation figures from the Office for National Statistics. Combi... Read more

Inflation and interest rates - what it means for you

Oliver Roylance-Smith / 01 February 2012

In the last fortnight we have had a further vote on the base rate by the Bank of England’s Monetary Policy Committee as well as the revised inflation figures released by the Office for Nationa... Read more

Savings vs Inflation

Oliver Roylance-Smith / 29 November 2011

With so much uncertainty surrounding what will happen to inflation in the future, we review the current range of savings plans and see how their returns stack up against the rising cost of living. F... Read more

Savings Account Guides 

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 Do you know how safe your savings are? Should you choose a fixed rate or a bonus rate? Our useful savings guides could help you to make the most of your money.
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Latest savings commentary

Inflation all wrapped up

Oliver Roylance-Smith / 01 February 2012

Recent weeks have provided confirmation of the interest rate status quo from the Bank of England along with the release of the latest inflation figures from the Office for National Statistics. Combi... Read more

Savings vs Inflation

Oliver Roylance-Smith / 29 November 2011

With so much uncertainty surrounding what will happen to inflation in the future, we review the current range of savings plans and see how their returns stack up against the rising cost of living. F... Read more

What will happen to inflation

Oliver Roylance-Smith / 15 November 2011

With the spotlight well and truly on inflation, we take a look at the latest events that will have an impact on its future and consider what this might mean for savers. Bank of England holds firm Th... Read more

Latest investment commentary

What lies in store in 2012

Oliver Roylance-Smith / 10 January 2012

2011 has certainly been a year of strong themes which have dramatically shaped the market as well as the opportunities available for savers and investors. We take a look at what these have been and ... Read more

A review of the FTSE in 2011 and what we can learn

Oliver Roylance-Smith / 10 January 2012

The FTSE is one of the most important indicators of investment performance and acts as a key benchmark for many investors in the UK. For this reason we take a look back at 2011 and review what happe... Read more

Our Top 10 most popular plans in 2011

Oliver Roylance-Smith / 09 January 2012

With 2012 well underway, there is already a competitive range of plans available across a wide number of plan types, whether you are looking for traditional savings routes, investments with the pote... Read more

Regular Savings Accounts

A regular savings account can help your savings to grow quickly, which is particularly useful if you're saving up for something specific. Depending on which type of savings account you choose, you can set up a standing order so that you automatically save a certain amount each month.

There are a variety of providers and types of savings accounts to choose from, so it is always worth considering a range of options, in order to find the right one for you. Take a look at the savings accounts on our comparison tables to compare a range of deals and providers to see if there's a regular savings account that suits your needs:

Savings Selection
ProviderAccountRate TermApply
7.25%6 YearsApply Now >
  • 6 year structured deposit plan
  • Capital protected
  • Available for Cash ISA & Cash ISA transfers
  • Also available to businesses, charities and trusts
  • £10,000 minimum deposit (£5,340 for Cash ISA)
  • Income is not guaranteed
  • Plan designed to be held for full term
  • May close early if oversubscribed
4.60%5 YearsApply Now >
  • Monthly, quarterly or annual interest options
  • Interest paid gross on deposits over £50,000
  • Also available to charities and trusts
  • £10,000 minimum deposit
  • No Partial Withdrawals
RPI Tracker5 YearsApply Now >
  • 5 year structured deposit plan
  • Capital protected
  • 100% any growth in RPI (no cap) with a minimum return of 16%
  • Available as a Cash ISA & for ISA transfers
  • Also available to businesses, charities and trusts
  • Plan designed to be held for full term
  • May close early if oversubscribed

Instant Access Savings Accounts Deals
ProviderAccountInterest Rate (AER)TermApply
2.90%Instant AccessApply Now >
  • 2.90% AER variable (2.86% gross p.a.)
  • Includes a fixed bonus of 2.36% gross p.a. for 12 months
  • Rate available on balances upto £250,000 
  • Unlimited withdrawals without penalties
  • Interest is paid monthly
2.80%Easy AccessApply Now >
  • Rate includes a 0.89% bonus for 12 months
  • Open with £1,000
  • Bonus rate to help your savings grow
2.80%Instant AccessApply Now >
  • Open an account with just £1
  • Instant access online
  • Unlimited withdrawals and deposits
  • 2.80% gross/AER variable including 12 month fixed bonus of 2.70%
  • Enter the Halifax Savers Prize Draw for a chance to win £100,000 or one of a thousand smaller prizes. (You must hold £5,000 in savings each month and register.)

In a regular savings account, the interest rate may be higher than in other savings account because your savings are not as easy to access. In an internet savings account, you may receive the following benefits:

 

  • You are expected to make regular payments into your savings account each month to receive a high interest rate.
  • You may receive an annual bonus if you have made regular monthly savings
  • The financial provider that you have a current with may suggest you open a regular savings account with them as an incentive to improve your loyalty rating.
  • You may be able to deposit a sum of £5 per month, which is ideal for savers who are beginners.


However, there are some disadvantages in opening a regular savings account:

 

  • If you fail to make regular monthly savings you may lose interest
  • You may be limited to the amount you can save each month
  • The number of cash withdrawals you can make may be limited, which means that a regular savings account may not be useful in an emergency situation.


Each provider may have a different set of terms and conditions relating to their regular savings account, and as such, it is important to find the right provider who offers an account that meets your individual needs.


Although it is highly recommended to shop around for savings account deals, you may wish to stay with your current provider, as they may offer benefits and rewards for customers with more than one type of account.

You can compare a range of regular savings accounts through our best buy comparison table. Just click on the links to find out more and apply online today!

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