Want to save regularly?

 

• The type of account is called “Regular savings”

• This is great if you want to save for future gradually and not have to temptation to draw down on the funds.

• Because of the restricted access if you take the money out then you would be relinquishing the higher interest rate you receive.

• Rates can be up to 5%, but there is a cap on how much you can save each month.

• These accounts are usually exclusive to customers from a certain bank, so you may have to open up a current account with this bank.

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5% for 1 year - save between £25 - £300 per month
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