Best regular savings accounts – get up to 7.5%

Cash savers looking for the best rates on their savings could be in for a treat as banks are returning as much as 7.5% on their regular savings accounts.

To take advantage of most regular savings accounts, you'll need to be an existing current account customer – but that's not the case for all of the banks and building societies we’ve featured below.

For more options, you can review our guide to the best savings rates. If you want some flexibility for your cash, our guide to the best easy-access savings accounts is a good place to start.

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The best regular savings accounts

Regular savers come with more restrictions than easy access or fixed-term savings accounts, such as how much you put in a month and access to withdrawals, so make sure to pick one that suits you.

Principality Building Society Regular Saver– 7.5% AER

What's the deal?

This regular saver is returning 7.5%. It requires you to fix your cash for six months, and you can pay in up to £200 a month. You need to keep £1 in the account to keep it open.

Eligibility

You're not permitted to withdraw money in the six-month term, and you can only save up to £1,200 in the fixed period. Plus, if you want to close your account early, you can without a penalty – and any interest earned will be added to your account balance.

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First Direct Regular Saver - 7% AER

What’s the deal?

First Direct is paying a handsome 7% if you pay in between £25 to £300 per month into the account.

Eligibility

To benefit from the 7% rate you will need to be a First Direct current account holder. The rate will only be available for 12 months after which it may drop.

Co-operative Bank Regular Saver - 7% AER

What’s the deal?

The Co-operative Bank Bank is offering a rate of 7% AER. The account will mature after one year, but the rate is variable which means it could change throughout this period. Save up to £250 a month. You have the freedom to withdraw money when you like.

Eligibility

This account can be opened either online or in branch. Read more about whether the Co-op regular saver is worth it.

Melton BS Adcock Regular Saver – 6.5% AER

What's the deal?

This variable regular saver is returning 6.5%. You can pay in a maximum of £150 each calendar month. However, you are not required to make a monthly payment, and withdrawals are permitted. The account will mature on 30 September 2027.

Eligibility

This account can be opened by new and existing customers but is limited to one account per person. You can open the account in a branch or via post by downloading the form from their website.

Nationwide Flex Regular Saver - 6.5% AER

What’s the deal?
There is no monthly minimum deposit and you can save up to £200 per month. The account allows up to three withdrawals. On your fourth withdrawal, the rate on the account will drop to 1.75% AER variable.

Eligibility

Get access to Nationwide’s 6.5% AER regular savings account when you open a current account with the bank. You qualify if you have either a FlexPlus, FlexDirect, FlexAccount, FlexStudent, FlexGraduate, FlexBasic or FlexOne.

Virgin Money Regular Saver Exclusive – 6.5% AER

What’s the deal?

Virgin Money is offering 6.5% on your savings as long as you pay up to £250 a month into the account. The rate is fixed until 29 May 2026. The savings account also allows unlimited withdrawals. You can open this saver online or in branch.

Eligibility

You need to have a Virgin Money personal current account (excluding Essential Current Account or Virgin Money Current Account). You can only make payments into your account by electronic bank transfer.

Lloyds Bank Club Monthly Saver - 6.25% AER

What’s the deal?

Lloyds Bank is offering 6.25% on a maximum deposit of £400 per month. To give some certainty, the rate is fixed for one year. If you want flexibility with your cash, this account has no restrictions on withdrawals. After one year, your account will become a standard saver.

Eligibility:

There are no eligibility restrictions.

Vernon BS Online Regular Saver – 6.25% AER

What’s the deal?

Vernon Building Society offers 6.25% for those who save between £25 and £250 per month. The rate is fixed for a year, and no withdrawals are permitted. If you need to access your account urgently, you can close the account without notice or penalty. The account can be opened online via the website.

Eligibility

The account is only available for those who live in the following postcodes: BL, CH, CW, M, OL, SK, WA or WN. You cannot open a joint account.

NatWest Digital Regular Saver - 6.17% AER

What’s the deal?

You can open the NatWest Digital Regular Saver from £1, but the rate is only available on balances up to £5,000. The rate drops to 1.49% on balances over £5,000, so if you want to save more than this, you might be better off with a different account. The regular saver offers flexibility with withdrawals, allowing you to access your money whenever you want. The rate on this account is variable, meaning it could change.

Eligibility:

You must be a NatWest current account holder to be eligible for this account and the maximum you can put in per month is £150.

Royal Bank of Scotland Digital Regular Saver - 6.17% AER

What’s the deal?

This regular saver allows you to provide a monthly deposit of up to £150. Plus, the account allows you to top up the Digital Regular Saver with your spare change every time you spend on your debit card.

The maximum amount you can hold in this saver while still being eligible for the 6.17% interest rate is £5,000. If you go over this amount your interest will be reduced to 1.5%.

The 6.17% rate is fixed for a year. After this period, the account will change into an instant access savings account, at which point it will be a good idea to shop around for a better rate.

Eligibility:

There are no eligibility restrictions.

West Brom BS Fixed Rate Regular Saver - 6% AER

What’s the deal?

You can earn a fixed rate of 6% and start saving from as little as £10, while going up to £250 a month. Withdrawals are not permitted, and the account can only be opened in branch. Interest is paid at maturity.

Eligibility

There are no eligibility restrictions.

Market Harborough Building Society Fixed Term Regular Saver - 5.8% AER

What’s the deal?

With monthly deposits of between £10 and £250, this account will allow you to earn interest of 5.8% on your savings. Even with a penalty, you cannot make early withdrawals.

The account matures on 30 June 2026. You can open the account in one of six branches across Leicestershire and Northamptonshire.

Eligibility

There are no eligibility restrictions.

How does a regular savings account work?

Compared to other types of savings accounts, there are more caveats to consider when opening a regular savings account. Here's what to look out for:

• Existing customers – Most regular savers offer the best rates to their existing customers, so you may need to have a current account to get the rate.
• Monthly payments – To receive the best rates, a lot of regular savers ask for a minimum payment each month. They may not be big as some only require £25 or even £10 a month. There is also a maximum you can save each month, so the amount you can save is restricted.
• Your cash is protected – The Financial Services Compensation Scheme (FSCS) protects all of the banks mentioned in our best regular savers on balances up to £85,000. It’s a good idea to spread your money across your current accounts and savings to ensure you don’t have more than £85,000 in any one account.