I can save £800-£1k per month - what Regular Savings account should I use?

prizzle1986

Hi everyone!

I am in a position where I can save at least £800-£1,000 per month - I would really love some advice on what type of Regular Saver account would be best to set up a direct with?

Thank you in advance for your help! :beer:

HappyMJ

The information you need is on this website but to save you looking the best paying accounts pay 6% interest.

HSBC, First Direct and Marks & Spencer all pay 6% and if you know a child the child doesn't need to be yours you can get 6% in the Halifax. That'll be £900. There's several accounts that pay 5% a few that pay 4% and some that pay 3%. That'll sort something like £50,000 and if you have a partner £100,000 in total savings. Then you'll have to go to the 2%+ savings accounts which cover quite a lot more.

Eco_Miser

Here's a list of all the Regular Savers - the good ones are on post 5
https://forums.moneysavingexpert.com/discussion/608697

prizzle1986

Thank you both! This is really helpful