Best Regular Savings Account
Regular savings accounts will offer higher rates than some other savings as you are regular saver and need to make a monthly deposit. Choose the best regular savings account by comparing every regular saver account to get the best deal on your savings each month.
However, the Loyalty Regular Saver is only available to people who either save or have a mortgage with Yorkshire Building Society or Chelsea Building Society, and have been a member since January 2020.
Savers can deposit between £10 and £500 per month into the account. Paying £500 a month into the account would earn a total of £113.87 in interest, paid at the end of the year.
Accounts can be opened in branch or via the post – but they can be managed online.
After 12 months the account will mature into an off-sale maturity account, Six Access Saver, which currently pays 0.30%.
Best Regular Savings Accounts 2019 Uk
- Finding the best high-interest savings accounts. Some banks offer tiered interest rates. To earn the highest yield, you may have to keep a large amount of money in your account.
- Compared with a regular savings account, investing in equities or a mutual fund has the potential to deliver a much higher rate of return - but there's also a much higher risk of losing money.
The Loyalty Regular Saver is a best buy according to Moneyfacts. The next best regular saver is from Cambridge Building Society which pays 3%. But as with Yorkshire Building Society, you need a mortgage or savings with the society to be eligible.
Regular savings accounts require savers to pay in a set amount each month, up to a pre-determined maximum, and normally run for 12 months during which your money is tied up.
Best Regular Savings Account 2021 Uk
Tina Hughes, director of savings at Yorkshire Building Society, said “Our founding purpose as a building society is to help people build financial resilience so we’re committed to exploring ways that can help our members reach their financial goals or save for the future.
“Regular savings accounts are one way we can encourage our members to establish healthy savings habits. It’s also no secret that savers are having a tough time at the moment with unfavourable market conditions, so we’re really proud that this new account, which comes with a highly competitive interest rate and a generous monthly deposit limit is another example of how we reward the loyalty of our valued savers.”
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Updated February 17th 2021
A Regular Saver Account is the perfect way to get into the habit of saving regularly. If you’re saving for a holiday, special event, or just a rainy day, a Regular Savings Account is ideal and they usually offer higher interest rates than most normal deposit accounts.
Most regular saver accounts will have specific rules on how much you can lodge into the account.
Regular Savings Accounts in Ireland – The best Rates available.
- State savings Instalment Savings0.63% Tax-Free (equivalent to 0.94% on a taxed account) (Min €25 max €1000 per month)
BUT – you must keep the account for 6 years otherwise rate is just 0.05%. - Ulster Bank Special Interest Deposit – 0.85% .Min €1 max €1000 per month. Max €12000
- KBC Extra Regular Saver0.55%. Min €100 Max €1000 per month. (You also have to have a KBC Extra Current Account to get this rate.
- BOI Goalsaver Account – 0.25%. Min €20 Max €2000 per month. Max balance €14999
- PTSB Online Regular Saver 0.2% max €1000 per month/€50,000 total.
- AIB Online Saver 0.1% Min 10 euro per month, max 1000 euro per month. (Rate is For 1st Year Only)
- EBS Family Savings 0.1% (fixed – 1st year only) Min opening deposit €1 maximum €1,000. . Monthly direct debit of between €100 and €1,000 required. Max Bal 13k. Two withdrawals a year allowed.
With interest rates so low – many people are investing some of their savings into shares. If you are thinking of investing in shares – take a look at our page about Buying Shares in Ireland
More Interest Rates
Best Instant Access Deposit Rates
Best 1 Year Fixed Deposit Interest Rates
Best Rates on Fixed Terms Up To Five Years