Overview
- Principality Building Society’s regular saver pays 7.5% AER for six months on up to £200 monthly deposits, with no withdrawal rights during the term but options to skip payment months or close early without charge.
- Zopa’s regular savings account offers a variable 7.1% interest rate on deposits capped at £300 per month.
- First Direct has launched a one-year fixed-rate regular saver at 7% AER for monthly deposits up to £300.
- Regular savers require monthly contributions and restrict withdrawals in exchange for higher returns, contrasting with easy-access products and fixed-rate bonds.
- With the Bank of England’s base rate cut to 4.25% and further reductions anticipated, savers are urged to review and switch accounts swiftly to secure peak yields.