Best regular savings accounts – get up to 7.5%
The top regular savings accounts pay as much as 7.5%. If you’re looking to stash small amounts away each month, we list the accounts worth looking at
All the banks we mention are protected by the Financial Services Compensation Scheme (FSCS), meaning up to £120,000 of your savings are protected should a bank go bust.
Cash savers looking for the best regular savings accounts could access rates of up to 7.5%.
On top of that, you'll need to be an existing current account customer to take advantage – but that's not the case for all of the banks and building societies.
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We round up the top regular savings accounts to help you pick one that suits your needs. If you're looking for the best easy access savings accounts and fixed-term savings accounts, we explore them in separate guides.
Meanwhile, if you want to make the most of your tax-free savings, the best cash ISAs can help you grow your money.
The best regular savings accounts
Zopa Regular Saver – 7.1% AER
What’s the deal?
Zopa has launched a current account called Biscuit, and customers can unlock an attractive savings rate of 7.1% if they deposit up to £300 per month. Current account holders can also earn 2% on all balances and 2% cashback on direct debit bills worth up to £1,500 per year. Plus, there are no fees on overseas spending.
Eligibility
You will need to open Zopa’s Biscuit current account to access the exclusive regular saver rate of 7.1%. The account can be opened by downloading the Zopa Bank app.
We explore whether the Zopa Regular Saver is worth getting.
First Direct Regular Saver – 7% AER
What’s the deal?
First Direct pays 7% if you deposit between £25 and £300 per month into the account.
Eligibility
To benefit from the 7% rate, you must be a First Direct current account holder. The rate will only be available for 12 months, after which it may drop.
The Co-operative Bank Regular Saver – 7% AER
What’s the deal?
The Co-operative 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. You can 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.
Nationwide Building Society 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 1.5% (variable) for the rest of the term.
Eligibility
You can get access to Nationwide’s 6.5% AER regular savings account when you open a current account with the bank. Read more on what to do if your 6.5% Nationwide regular saver is maturing.
Hanley Economic BS 1 Year Branch Smart Saver – 6.3% AER
What's the deal?
This variable regular saver is returning 6.3%. You need to pay in between £25 to £300 per month. You can withdraw penalty-free twice per tax year. You can open the account in a branch and it can also be managed via post.
Eligibility
There are no eligibility restrictions.
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:
This account is only for Club Lloyds or Lloyds Premier current account holders who haven't already opened a Club Lloyds Monthly Saver in the last 12 months.
Earl Shilton BS Monthly Saver – 6% AER
What's the deal?
You can deposit up to £500 per month – more than once – in this monthly saver from Earl Shilton Building Society. Note that this account can only be opened in a branch. Interest is calculated daily and compounded annually on the last day of February. Only two withdrawals are permitted per calendar year.
Eligibility:
There are no eligibility restrictions.
Harpenden BS 18-30 Regular Saver – 6% AER
What's the deal?
You can earn 6% with Harpenden’s new 18-30 Regular Saver if you deposit between £10 and £200 each month. You can make unlimited withdrawals. The account can be opened online. Interest is paid on maturity.
Eligibility:
As the name suggests, you need to be between the ages of 18 and 30 years old at the time of application.
Monmouthshire Building Society Regular Saver – 6% AER
What’s the deal?
Monmouthshire Building Society is offering a variable 6% on a maximum deposit of £500 per month. It can either be a sole or a joint account. You can open it online or in a branch. Interest is calculated daily and paid when the 12-month term ends.
Eligibility:
This account is not available if you live in Northern Ireland.
Scottish BS Regular Saver – 6% AER
What's the deal?
Scottish Building Society is offering 6% variable to savers who deposit between £50 and £250 per month. You can make unlimited withdrawals throughout the 12-month fixed period. The account can be opened by post or in-branch, and you can manage it online, by phone, via post, or in-branch. Interest is paid on maturity.
Eligibility:
There are no eligibility restrictions.
West Brom BS Winter Ready savings account – 6% AER
What’s the deal?
You can earn a fixed rate of 6% and start saving from as little as £1, and put away up to £100 a month. Withdrawals are not permitted. The account can only be opened in a branch or online. Interest is paid at maturity on 31 October 2026.
If you make five or more deposits, you will be entered into a prize draw, with the chance of winning £250.
Eligibility
There are no eligibility restrictions.
Market Harborough Building Society Fixed Term Regular Saver – 5.75% AER
What’s the deal?
With monthly deposits of between £10 and £250, this account will allow you to earn interest of 5.75% on your savings. Even with a penalty, you cannot make early withdrawals. The account matures on 31 March 2027. You can open the account in a branch.
Eligibility
There are no eligibility restrictions.
Vernon Building Society Online Regular Saver – 5.75% AER
What’s the deal?
Vernon Building Society offers 5.75% variable for those who save between £25 and £250 per month. The rate is variable, 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.
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 you should 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, which can be as low as £10 per month. There is also an upper limit, 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 the higher limit in any one account.
