Long term savings account

madlyn

Over the last couple of months I have opened a Marcus, Coventry BS and a Principality BS regular saver, with a total of £170 split between the 3 accounts going in each month.
Is there anything out there that I can deposit money into each month but for a longer period, 2 years plus?

dcs34

Some regular savers don't have 12/13 payment term limits (i.e. longer than one year).

Off the top of my head (i.e. the ones I have):
NatWest Savings Builder
Ecology Regular Saver

madlyn

Natwest Savings Builder is only open to those who have a Natwest Current Account, not looked at Ecology yet.

glennevis

Santander's regular saver is 12 months and does require a current account but at the end of the year the funds and interest are transferred into your current account. If you leave the regular payment in place it rolls over to a new regular saver for another 12 months. Mine has been running over 2 years so far without any further action on my part. I just check the rate is OK each year, currently 2.5%.

colsten

madlyn wrote: »

Over the last couple of months I have opened a Marcus, Coventry BS and a Principality BS regular saver, with a total of £170 split between the 3 accounts going in each month.
Is there anything out there that I can deposit money into each month but for a longer period, 2 years plus?

Your Marcus account runs for an unlimited amount of time. The interest rate is obviously not very good, and likely to get worse. There are dozen of similar accounts out there, all of them with unexciting variable interest rates. All the accounts with higher rates have limits on duration and amounts that can be paid in.

You could check your local Building Societies. They sometimes have more favourable offers for people living in their catchment area.