Best Regular Saver Accounts
Compare Regular Savers on DepositScout
| Provider | Product | Monthly Limit | |||
|---|---|---|---|---|---|
 Bank of Scotland | Monthly Saver | 8.00% Fixed | £130 | £250 | |
 Lloyds Bank | Club Lloyds Monthly Saver | 8.00% Fixed | £208 | £400 | |
 Santander | Regular Saver | 8.00% Variable | £104 | £200 | |
Compare Regular Saver with other accounts See All Rates | |||||
 Halifax | Regular Saver | 8.00% | £130 | £250 | |
 Zopa | Biscuit Current Account | 7.10% Variable | £37.27 | £300 | |
 First Direct | Regular Saver Account | 7.00% Fixed | £136.5 | £300 | |
 The Co-operative Bank | Regular Saver Account | 7.00% Variable | £113.75 | £250 | |
 Nationwide | Flex Regular Saver | 6.50% Variable | £84.5 | £200 | |
 Monmouthshire Building Society | Regular Saver Account | 6.00% Variable | £195 | £500 | |
 Skipton Building Society | Regular Saver | 5.75% Variable | £93.44 | £250 | |
 Manchester BS | Regular Saver | 5.40% Variable | £675 | £500 | |
 NatWest | Digital Regular Saver | 5.25% Variable | — | £150 | |
Bank of Scotland
Lloyds Bank
Santander
Compare Regular Saver with other accounts
See All RatesHalifax
Zopa
First Direct
The Co-operative Bank
Nationwide
Monmouthshire Building Society
Skipton Building Society
Manchester BS
NatWest
Showing 12 of 12 results
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Regular Savers at a glance
- Best rate today
- 8.00% AER
- Top provider
- Lloyds Bank
- Accounts tracked
- 42
- Providers tracked
- 33
- Protection
- FSCS up to £120,000
- Rates checked
- 2 August 2026
Regular savers reward the habit, not the balance: the headline rate only ever applies to money that's actually in the account, so your real return over the year is roughly half what the headline suggests. The best regular saver is usually one linked to a current account you already hold, since those pay the very top rates.
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Not sure if a regular saver is right for you? Penny compares every account we track and answers in plain English.
Chat with PennyWhat is a regular saver account?
A regular saver (also called a monthly saver) flips the usual savings model: instead of depositing a lump sum, you pay in a fixed maximum each month — commonly between £25 and £300 — and in return the bank pays a much higher interest rate than standard accounts, often for a fixed 12-month term.
The catch people miss: the headline rate only applies to the money in the account at any given time. Your first deposit earns interest for the full year, but your last deposit only earns it for a month. In practice, a 7% regular saver on £300/month earns roughly the same cash interest as a good easy access account holding the full amount from day one — the regular saver is still the better deal for money you're saving gradually, just not the windfall the headline implies.
Many of the very best regular savers are loyalty products, available only to customers who hold the bank's current account. Rules also vary on missed months and withdrawals — some accounts are relaxed, others close the account or slash the rate.
How to open a regular saver
Opening is quick, but eligibility is the thing to check first — the top accounts are usually reserved for existing current account customers.
Regular Savers pros and cons
Pros
- The highest headline rates on the market, often well above easy access
- Builds a monthly saving habit with a fixed, affordable commitment
- Rates are usually fixed for the 12-month term
- FSCS protection up to £120,000 per person, per banking licence
- Low monthly minimums — many start from £25 or less
Cons
- Monthly deposit caps mean the high rate applies to a small, slowly-growing balance
- Real cash earned is far less than the headline rate suggests
- The best accounts are often exclusive to the bank's current account customers
- Many accounts penalise missed months or withdrawals
- Most last only 12 months, then dump your balance into a low-rate account
Is my money safe in a regular saver?
Yes — regular savers are ordinary deposit accounts, protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per authorised banking licence. Every regular saver listed on DepositScout is FSCS protected.
One practical note: if you hold a regular saver alongside a current account and other savings at the same bank, the FSCS limit covers the combined total across that banking licence — not each account separately.
Tax and the Personal Savings Allowance
Regular saver interest counts towards your Personal Savings Allowance (£1,000 tax-free for basic-rate taxpayers, £500 for higher-rate). Because deposit caps keep balances modest, a single regular saver rarely breaches the allowance on its own — but the interest still counts alongside your other accounts.
If you're saving monthly and your total interest is pushing past your allowance, consider a Cash ISA instead: many providers offer regular-saver-style ISAs, and all ISA interest is tax-free.
Regular Savers FAQs
Straight answers to the questions savers actually ask.
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Savings accounts
Written by
Jonny Pease
Reviewed by
Jan Watermann
Rates checked
This page is for information only and is not financial advice. Rates and account terms can change at any time — always confirm the details on the provider's website before opening an account. Read our full disclaimer.
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