Best Rate savings accounts Regular savings accounts
The tables below show the best regular savings accounts currently available. The second table features accounts that are only available if you are an existing bank account customer. Before applying, it's worth checking our guide on 'Finding the best savings accounts', so you are aware of all the savings accounts options available to you.
Regular savings accounts require customers to deposit a set amount each month (typically between £25 and £250) – so they are ideal for savers who are just starting out, or who wish to drip feed cash into their account in a disciplined way.
The number of withdrawals you can make each year are often restricted so do not apply for this type of account if you want unlimited access to your money.
Regular savings accounts usually restrict you from investing more than a certain sum each month – preventing you from placing extra cash in your account as and when it suits you. Also, remember to check before opening a regular savings account whether the interest rate on offer is fixed or variable.
|Provider||AER AER help||Min monthly deposit||Max monthly deposit||Payments per year||Withdrawals without penalty||Customer score Customer score help||Find out more|
Regular Saver Issue 2
Regular Saver Issue 2
AER is annual equivalent rate and shows how much interest you'll receive in one year.
Which? score based on customer satisfaction and likelihood of recommending company to friend/family member. Customer scores are based at brand level.
Tied regular savings accounts
To qualify for any of the accounts listed below, you have to be an existing bank account customer. For more information, read a guide of 'Finding the right bank account'.
|Provider (tied to current account)||AER AER help||Min monthly deposit||Max monthly deposit||Payments per year||Withdrawals without penalty||Customer score Customer score help||Find out more|
|Marks & Spencer Bank|
|Norwich & Peterborough BS|
Wherever we display an “APPLY NOW” button in the above table, that company pays us a small fee each time someone clicks on the button. These payments do not influence whether a product is in the table, where it appears, or whether it continues to do so. Our Best Rates tables are compiled by our independent researchers. All revenue raised from these tables is reinvested in our research and campaigning work on behalf of all UK consumers.
Customer scores are based on a survey of an online panel of respondents from the general public, who were invited to take part in the savings account customer satisfaction survey - during March 2014. The final sample size was 5,254.
How we choose our Best Rate savings accounts
Which? Best Rate Savings accounts offer the best rates on the market, subject to the following conditions:
- Providers must be fully covered by the Financial Services Compensation Scheme (FSCS) - see limits of protection
- All of our Best Rate accounts are available nationally, but it's worth checking the rates paid by smaller building societies in your area to see if they can do a little better
- Accounts are available at a branch, by post, phone or internet and all displayed show the annual effective rate (AER) before tax.
Which? Recommended Providers
Which? Recommended Providers are companies that are both rated highly and have products that meet the high standards of our researchers. Which? closely monitors the products and practices of all Recommended Providers and reserves the right to exclude any company that does not treat its customers fairly. Follow the link for a full list of WRPs.
Which? Warning Poor Satisfaction
We also understand that for many people, finding products with the best rate is a priority. But where a product from a provider with a poor customer score appears in our Best Rate tables, we'll highlight this with the warning logo. Our customer satisfaction surveys measure overall satisfaction with the provider in relation to savings accounts, not individual savings accounts offered by the brand. The customer score should therefore not be associated specifically with any individual savings accounts. Only customer scores that are significantly below average and fall into our bottom statistical tier receive our warning. Our customer scores are updated every six months.
By naming and shaming providers which customers judge to offer poor satisfaction in these tables, we hope that companies improve their standards.