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The Top Regular Savers Discussion Thread

Bridlington1
Bridlington1 Posts: 3,921 Forumite
1,000 Posts Third Anniversary Photogenic Name Dropper
edited 2 September at 6:13AM in Savings & investments

Welcome to this thread

The main purposes of this thread are two-fold:
  1. To provide a list of the top regular savers currently on offer
  2. To provide a place for all forum users to discuss regular saver accounts and ask any questions about them that you may have
This thread is intended to complement Martin Lewis' article which you can read here: Regular Savings Accounts.

Structure of this thread

The first few posts shall contain a continually updated list of the top regular savers currently on offer and shall be regularly edited by myself to ensure it remains up to date.

I have included a summary of the terms and conditions of each account as these can be complicated with regular savings accounts. I would advise you to look at these terms and conditions to check that the account is suitable for you.

Unless indicated otherwise, you can only open one of each account.

Key updates to this thread are added to the The Archived History Of Regular Savers Thread *** NO CHAT***, thread, which runs parallel to this thread.

I am only adding accounts where the interest rate is 4.35% or better, or 4.15% if the account has favourable conditions (e.g. you can pay in £500 per month or more, the interest rate is fixed, or if the account matures after at least 2 years).

Thresholds for regular savers to be included in this thread are regularly reviewed by myself and may be altered at any point, if they are changed I shall post an announcement in both this thread and The Archived History Of Regular Savers Thread *** NO CHAT***.

I have divided up the information here into the following sections:
  1. Recent Additions - A very brief summary of all the regular savers which have been added to the lists below within the last half month to month which are still available. On 15th of each month all the regular savers added prior to 1st of the month shall be removed from the list, on the final day of the month all the regular savers added prior to 15th of the month shall be removed from the list.
  2. Regular Savers Open To All  - Regular savers that can be opened by anyone over the age of 21, with no postcode/regional restrictions, is not restricted to new customers only and does not require you to have been an existing member for any length of time. This section does include accounts which require you to hold another current/savings account in order to open it so long as opening the other account immediately makes you eligible for the regular saver. This section has been split over 3 posts due to character limits on the forum.
  3. Local/Loyal/Beta/New Member Only accounts - Regular savers that are not restricted to those under the age of 21 but has postcode/regional restrictions and/or requires you to have been an existing member for any length of time or excludes existing customers from applying. This section also includes regular savers that have only been offered to selected customers including those which are in their beta phase.
  4. Children's regular savers - Regular savers that are restricted to those under the age of 21
  5. Recently No Longer Available accounts - These are accounts that have been withdrawn recently but which people may be in the process of applying for. When this post becomes long older entries on this list shall be transferred to new posts in the new regular saver thread and a link to these posts shall be included on the first page of The Archived History Of Regular Savers Thread *** NO CHAT*** 

How this thread operates

I am happy for people to use this thread to discuss the regular savers that appear on this list as well as any regular savers that have since been withdrawn but which continue to be held by some, this includes details of people's experiences of the maturity process of regular savers, but please try and limit discussion on this thread to regular savings accounts.

Whenever I make any changes to the first page of this thread I shall make a post detailing the changes in The Archived History Of Regular Savers Thread *** NO CHAT***, this includes but is not limited to a new account being added to the lists, an account being removed due to interest rate reductions or being withdrawn, interest rate changes and changes to the thresholds I set for inclusion to the lists.

Updates shall be made as and when it comes to my attention that new accounts have been launched, been withdrawn or have had their interest rates changed so in most cases both this thread and the no chat thread should be updated the day a change is reported in this thread. 

If you notice a regular saver account that meets the criteria for being included on this thread that isn't already listed, you notice an account listed on this thread has just been withdrawn or an interest rate change is announced affecting any of the regular savers on this list then please feel free to post a message on this thread and/or on The Archived History Of Regular Savers Thread *** NO CHAT*** thread detailing the changes.

If you choose to post information on The Archived History Of Regular Savers Thread *** NO CHAT*** thread, please ensure that you only post the information listed in the above paragraph and nothing else. The no chat thread should NOT be used to discuss regular savers as that is the purpose of this thread so please keep any discussion surrounding the regular saver is confined to this thread only.

Alternatively you may write a separate thread and then post a link here if you wish.

Regular saver ISA accounts are not included in this thread as these have been included in Kazza242's long running Cash ISAs: The Best ISAs Currently Available List.

Points to note

If you'd like to bookmark a link that takes you to the post after the last one you've read (or the latest post if you've read all of them) then use this:
https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread#latest

If you wish to receive automatic alerts when new posts are added to this thread then use the following instructions. Login, go to the top of any page in this thread, click "Thread tools" then click on "Subscribe to this thread" and then select whether you want to be notified as soon as there is a new post (you will receive an e-mail telling you to go to the website for more details) or select daily or weekly updates (you will receive an e-mail daily / weekly with a handy summary of all the new posts).

If you are not sure whether the best place for your money is in a regular savings account or another type of savings account then look at the article How to Start Saving. 

Whilst children's regular savers have been included I would strongly recommend that you read the section about the tax implications for interest from children's accounts in MSE's article Best Child Savings.

For those with a lump sum they wish to drip-feed into regular savers, please see the the MSE list of the best current accounts that pay interest . Alternatively you could place a lump sum in an easy access account and move money across to regular savers. See @soulsaver's existing Top Easy Access acs Ranked: Top of The Pots - **No Chat** thread for a regularly updated list of the top easy access accounts.

You may also be interested in the following threads:
The Archived History Of Regular Savers Thread *** NO CHAT*** 
How can regular savings accounts offer such good interest rates? 
Are Regular Savers still worth it? (Calculations and discussion regarding drip feeding lump sums into regular savings accounts) 
Is there a best time of the month to deposit in Regular Savers?

Websites with useful information include:
Moneyfacts Regular Savers Page
Moneyfacts.co.uk Children's Savings Accounts Page

In addition I maintain the Regular Saver Timeline Spreadsheet,

Common abbreviations and terms you may see used in this thread

  • Account Month - This is a month beginning on the day of the month you opened a regular saver account as opposed to a calendar month, e.g. if you opened a regular saver on 20th January, the first account month would be 20th January - 19th February, the second account month would be 20th February - 19th March etc. 
  • Refresh/renew (an account) - Close an account to reopen the same account.
  • NLA - No Longer Available, usually used in reference to a regular saver that has been withdrawn to new applicants.
  • Var - Variable
  • Fix - Fixed
  • RS - Regular Saver
  • P.A - Per Annum
  • AER - Annual Equivalent Rate
  • N/A - Not Applicable
  • BS - Building Society
  • EA - Easy Access 

History & background of this thread

Thanks to numerous forum users for their contributions to this and previous versions of this thread over the years.

This is the 5th version of this thread.

The first four versions were maintained by @Special_Saver2 for over 17 years (due to technical issues, the thread has had to be re-started three times). The first version was before 2007, the second version lasted from 2007 to 2018, the third version was from 2018 to January 2020, the fourth version was from January 2018 to December 2024. 

Previous threads run by @Special_Saver2 took the form of an introduction to regular savers with a list of the top regular savers with summaries of their Ts&Cs on page 1 of the thread, with the remainder of the thread devoted to discussing the accounts on the first page of the thread.

After the arrival of a baby daughter @Special_Saver2 took the decision to hand over the running of this thread to me in December 2024 so in order to spend more time with their family and I have maintained it since 28th December 2024.

Upon taking over the thread I restructured the first page of the thread, halving the number of sections from 8 to 4, relaxing the scope of what can be discussed in this thread to include accounts that have been withdrawn and their maturity processes.

I also took the decision that the existing ``An Archived List Of Regular Saver Ts&Cs" thread should become an archive of any changes that happen to the top regular savers and be renamed to ``The Archived History Of Regular Savers Thread *** NO CHAT***" thread.

For a full summary of the changes I made on 28/12/24 see the link below:
https://forums.moneysavingexpert.com/discussion/comment/81187240/#Comment_81187240

On 31/8/25 I added a new section, the ``Recent Additions" section to give a snapshot of which accounts have recently been added to the main regular savers lists.
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Comments

  • Bridlington1
    Bridlington1 Posts: 3,921 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 31 August at 9:21AM

    Children's Regular Savers:

    Interest rate: 5.5% gross p.a. fixed
    Monthly payment: £10-£100
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: No withdrawals permitted except for early closure of the account
    Age of applicant:     Aged up to 15 years old (but the account can continue beyond the child's 15th birthday)
    How to open account: Branch or online (but account can only be operated in branch)
    Length of account term: 12 months from account opening
    Maximum balance: N/A
    Deposits on non-working days: Treated as having been received the same day.
    Special conditions: You can only open one account per child.

    Penrith BS Junior Affinity Regular Saver - Red Squirrel Group
    Interest rate: 4.45% gross p.a. variable from 16/6/25
    Monthly payment: £5-£100 per calendar month
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals: As many as you like
    Age of applicant:     Under 16
    How to open account: Branch and post only
    Length of account term: 5 years from account opening
    Maximum balance: None stated other than the Society’s total limit on combined savings should not exceed £250,000
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: N/A

    Penrith BS Junior Affinity Regular Saver - RUFC Juniors
    Interest rate: 4.45% gross p.a. variable from 16/6/25
    Monthly payment: £5-£100 per calendar month
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals: As many as you like
    Age of applicant:     Under 16
    How to open account: Branch and post only
    Length of account term: 5 years from account opening
    Maximum balance: None stated other than the Society’s total limit on combined savings should not exceed £250,000
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: N/A

    Coventry BS Young Saver ~~~ Re-added 31/8/25
    Interest rate: 4.25% AER variable from 2/6/25
    Monthly payment: £1-£200 per calendar month
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals: As many as you like
    Age of applicant:     Aged 7 - 17
    How to open account: Branch only
    Length of account term: Matures when the child turns 18
    Maximum balance: £5,000
    Deposits on non-working days: Treated as having been received the same day.
    Special conditions: N/A
  • Bridlington1
    Bridlington1 Posts: 3,921 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited Today at 6:33PM

    Recently NLA/Removed Regular Savers:

    ~~~~~~NLA 1/9/25 ~~~~~~Nationwide BS Flex Regular Saver (Issue 6)~~~ Launched 6/6/25
    Interest rate: 6.5% gross p.a. variable
    Monthly payment: £0-£200 per calendar month
    Miss any payments: No stated penalty for missing any payments
    Penalty-free withdrawals: Three penalty-free withdrawals
    Age of applicant: At least 16 years old
    How to open account: Online only
    Length of account term: 12 months from the date of opening
    Maximum balance: N/A
    Deposits on non-working days: Treated as having been received the same day.
    Special conditions: Only available to Nationwide current account holders. You can only be named on one Flex Regular Saver product at any time (of any issue). 

    ~~~~~~NLA 1/9/25 ~~~~~~Chorley BS Regular Saver (31.07.2026) ~~~ Launched 1/8/25
    Interest rate: 5.15% gross p.a. variable
    Monthly payment: £25-£400 per calendar month
    Miss any payments: Yes, miss as many as you like
    Penalty-free withdrawals: None, but the account can be closed early without penalty
    Age of applicant: Age 18 years old or older
    How to open account: Branch, post or online
    Length of account term: Matures on 31/7/26
    Maximum balance: N/A
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: Initial deposit must be received by 31/8/25. Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period.

    ~~~~~~NLA 1/9/25 ~~~~~~Leeds BS Regular Saver (Issue 67) ~~~ Launched 1/8/25
    Interest rate: 4.7% gross p.a. variable
    Monthly payment: £0-£250 per calendar month
    Miss any payments: Yes, miss as many as you wish
    Penalty-free withdrawals: One withdrawal per calendar year (including account closure) is permitted subject to the minimum balance of £100 being maintained. Further withdrawals can be made subject to 30 days loss of interest on the amount withdrawn.
    Age of applicant: Aged 18 or over
    How to open account: Branch, online or post
    Length of account term: Matures 1/8/2027
    Maximum balance: £6,000 plus interest
    Deposits on non-working days: Treated as having been received the same day.
    Special conditions: You may only hold one Leeds Building Society Regular Saver product of any issue at a time. Withdrawals/closure can be made by faster payment over the phone.

    ~~~~~~NLA 1/9/25 ~~~~~~Chorley BS Regional 2 Year Flexible Saver (31.07.2027) ~~~ Launched 1/8/25
    Interest rate: 5.15% gross p.a. variable
    Monthly payment: £25-£400 per calendar month
    Miss any payments: Yes, miss as many as you like
    Penalty-free withdrawals: 2 withdrawals per year excluding early closure. If more than 2 withdrawals are made within a 12 month period the account shall be closed.
    Age of applicant: Age 18 years old or older
    How to open account: Branch, post or online
    Length of account term: Matures on 31/7/27
    Maximum balance: N/A
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: Initial deposit must be received by the 31/8/2025. Only one Regular Saver and one Seasonal Saver can be held in any 12 month rolling period. Must live in one of the following postcode areas (CA, FY, PR, LA, WN, BL, L, WA, BB, CH, M, SK, CW, OL).

    ~~~~~~NLA 2/9/25 ~~~~~~Penrith Regular E-Saver 200 (Issue 1)
    Interest rate: 5% gross p.a. variable (this interest rate first noted 27th November 2024)
    Monthly payment: £0-£200 per calendar month
    Miss any payments: Yes, miss as many as you wish
    Penalty-free withdrawals: A maximum of four withdrawals per calendar year (January to December) are allowed. The account will be closed upon the 5th withdrawal in the same calendar year.
    Age of applicant: Aged over 18
    How to open account: Online only
    Length of account term: 2 years from date of opening
    Maximum balance: None stated other than £250,000 across all Penrith BS accounts
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: Joint accounts are not permitted. A Nominated UK Bank Account must be set up at the point of account opening and all withdrawals will be made to this account. Your first payment into the account must be made from your Nominated Bank Account. Subsequent payments into the account can be made by bank transfer from any UK bank account. They will only accept Nominated Bank accounts in your name or to which you are a joint party from financial institutions that hold a UK banking licence.

    ~~~~~~NLA 2/9/25 ~~~~~~Penrith Regular Saver 200 (Issue 2)
    Interest rate: 5% gross p.a. variable (this interest rate first noted 30th November 2024)
    Monthly payment: £0-£200 per calendar month
    Miss any payments: Yes, miss as many as you wish
    Penalty-free withdrawals: A maximum of two withdrawals per calendar year (January to December) are allowed. The account cannot be closed prior to maturity other than in the event of death.
    Age of applicant: 16 and over
    How to open account: Branch only
    Length of account term: 2 years from date of opening
    Maximum balance: None stated other than £250,000 across all Penrith BS accounts
    Deposits on non-working days: Treated as having been received the next working day.
    Special conditions: Joint accounts are not permitted. The account cannot be closed prior to maturity other than in the event of death.


    This list only includes accounts that went NLA on or after 1/9/25. For accounts that went NLA prior to this see:
    https://forums.moneysavingexpert.com/discussion/comment/80268180/#Comment_80268180
  • Bridlington1
    Bridlington1 Posts: 3,921 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Reserved for future use
  • Bridlington1
    Bridlington1 Posts: 3,921 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Reserved for future use
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