Savings accounts for joint account regular savers

AndyMerrison

Does anybody know of any bank accounts that can take regular monthly savings in excess of £3000? All the usual banks seem to be limited to smaller sums. Or would it be better to keep it in a regular account for a while and the put into a higher fixed term lump sum?

grumbler

AndyMerrison said:

Does anybody know of any bank accounts that can take regular monthly savings in excess of £3000?

All flexible rate easy-access savings accounts can - Top easy-access savings

All the usual banks seem to be limited to smaller sums.

If you mean 'regular savings' accounts, then yes, they can offer higher rates, but with limited monthly topups.

Or would it be better to keep it in a regular account for a while and the put into a higher fixed term lump sum?

Many 'regular savings' accounts offer higher interest  than fixed term accounts.

For easy-access savings,IMO, this is a sort of gamble - over years a fixed rate account can perform better or worse than the best easy-access ones.

Albermarle

Regular savings accounts are a kind of promotional tool, to draw in new customers. Good interest rate. but limits on how much you can invest.

This is different from saving regularly in a normal savings account, where if course the banks will be happy to accept your £3K per month .