Best regular saver accounts in the UK: Top 10

Want to start building up your savings pot? A good way to do it is to put extra income aside each month. Saving little and often can soon amount to a healthy savings pot.

If saving monthly is something you’re interested in, you might want to open a regular savings account. There are a huge number of these accounts available in the UK, as most banks and building societies have them. But which is the best?

Read on for a roundup of the 10 top regular savings accounts in the UK, focusing on those with the best interest rates. We’ll include accounts for existing customers only, and those that are open to all.

We’ll also show you a smart, alternative way to make your money work harder. With Wise Interest**, you can help your money grow by investing in a fund that holds government-guaranteed assets - all within your Wise account from the money services provider Wise. It’s not a bank account but offers some similar features, and your money is safeguarded.

Learn more about Wise Interest

Capital at risk. Growth not guaranteed.

Quick comparison of the top regular saver accounts

Now, let’s dive into our list of the 10 best regular saver accounts in the UK.

Take a look below for accounts paying the highest interest rates, including both ‘existing customer only’ and ‘open to all’ options.

Savings account	Max. monthly deposit	Interest rate	How to apply	Withdrawals allowed?
Principality Building Society 6 Month Regular Saver²	£200	7.5% fixed for 6 months	Online/branch Open to all	No
First Direct Regular Saver Account³	£300	7% fixed for 1 year	App/online Existing customers only	No
The Co-operative Bank Regular Saver⁴	£250	7% variable for 1 year	Online/branch Existing customers only	Yes
Skipton Building Society Member Regular Saver⁵	£250	6.5% variable for 1 year	Online/app/branch/phone/post Existing customers only	No
Nationwide Flex Regular Saver⁶	£200	6.5% variable for 1 year	Online/app Existing customers only	3 per year
Virgin Money Regular Small Saver Exclusive⁷	£250	6.5% fixed for 1 year	Online/branch Existing customers only	Yes
Vernon Building Society Online Regular Saver⁸	£400	6.25% variable for 1 year	Online Open to customers in Vernon’s service area	No
Lloyds Bank Club Lloyds Monthly Saver⁹	£400	6.25% fixed for 1 year	Online/app/branch/phone Existing customers only	Yes
NatWest Digital Regular Saver Account¹⁰	£150	6.17% variable (on up to £5,000)	Online/app Existing customers only	Yes
West Brom Building Society Fixed Rate Regular Saver¹¹	£250	6% variable for 1 year	Branch Open to all	No

The 10 best regular saver accounts in the UK

Let’s take a closer look at each of these regular saver accounts.

Principality Building Society 6 Month Regular Saver²

If you’re simply looking for the highest rate, the Principality Building Society 6 Month Regular Saver offers a competitive fixed 7.50% AER.

The account is flexible in some notable ways. There’s no requirement to pay in each and every month, for example.

That said, there are a few restrictions to keep in mind. Firstly, the term lasts only 6 months, not a full year. And while the account allows a maximum monthly deposit of £200, once your total balance reaches £1,200, you won’t be able to add any more money.

Withdrawals aren’t allowed during the term, though you can close the account early without penalty.

The account isn’t restricted to existing customers - anyone can open one by applying online or in a branch.

📚 Read more: Best savings accounts with high interest in the UK

First Direct Regular Saver Account³

The First Direct Regular Saver Account offers an interest rate of 7% AER, fixed for 12 months. Interest is calculated daily, but only paid after a year.

You can deposit between £25 and £300 a month, and you must set up a standing order for the payment from your First Direct Current account. This means you can’t skip a month, although you can change the amount you deposit by contacting the bank.

You can’t withdraw your money until the end of the 12 months, otherwise the account will be prematurely closed.

This account is only available for existing customers who already have a First Direct 1st Account. You can apply online or via the First Direct app.

The Co-operative Bank Regular Saver⁴

Available exclusively for existing current account customers, the Co-operative Bank Regular Saver pays 7% AER interest for 12 months. However, unlike the previous accounts we discussed, this rate is variable - so it could change.

You can open the account with as little as £1, and save a maximum of £250 a month. You can skip a month if you want, paying in whenever you like up to the monthly limit. Interest is paid at the end of the 12 month period.

You can also make unlimited withdrawals at any time, without penalty. Apply online or in branch.

Skipton Building Society Member Regular Saver⁵

The Skipton Building Society Member Regular Saver pays 6.50% AER variable over 12 months, with interest paid annually. It’s only available for existing customers who joined on or before 20th January 2025.

You can save between £1 and £250 a month, skipping months if you choose to and rolling over the unused amount to future months.

No withdrawals are permitted, but you can close the account earlier than the 12 month term. The maximum amount you can save by the end of the term is £3,000, not including any interest earned.

There are lots of ways to apply for this account, including online, in the Skipton app, in branch, over the phone and even by post.

💡 Did you know that you can earn a return with Wise Interest?

Your money doesn’t have to sit still. With Wise Interest**, you can earn a variable return of up to 3.74% on your GBP balance, all within your Wise account. Here’s how it works: Have a balance in GBP, USD or EUR Switch on Wise Interest Your money is put to work by investing in a fund that holds government-guaranteed assets Returns are added to your money every working day Withdraw up to 10,000 GBP (or equivalent) a day (any amount over will add a processing time of up to 2 working days) Start from as little as £1 Wise Interest is different from savings and current accounts. It allows you to invest your money and help it grow, while staying accessible. Just keep in mind that, like any investment, growth isn’t guaranteed, and your capital may be at risk. Learn more about Wise Interest Capital at risk - past performance does not guarantee future growth. Variable rate is based on 7 day performance as of 14/05/2025. This fund has returned an 1.31% annual average over the last 5 years, excluding Wise fees. For the full 5 year past performance of funds, please visit our website.

Nationwide Flex Regular Saver⁶

Exclusively for existing current account members, the Nationwide Flex Regular Saver account pays interest of 6.5% AER variable for 12 months. However, if you make more than 3 withdrawals during that time, your rate will fall to 1.50% AER.

You can save up to £200 a month with this account, and you can skip months if you want or need to. Apply on Nationwide’s website or app for this online-only account.

📚 Read more: Best online bank accounts in the UK

Virgin Money Regular Saver Exclusive⁷

If you're already a Virgin Money customer, you’re eligible for the Regular Saver Exclusive, a savings account that offers a fixed 6.50% AER for 12 months, with interest paid annually.

You can withdraw your money at any time, and you’re free to deposit any amount up to £250 each month - or skip a month if you prefer. There’s no requirement to make regular contributions.

You can open the account online or by visiting a Virgin Money branch.

Vernon Building Society Online Regular Saver⁸

Vernon Building Society’s Online Regular Saver offers a 6.25% AER variable interest for 12 months, paid at the end of the term. Keep in mind the rate drops to 6.00% AER starting 2 June 2025.

You don’t need to be a member to open this account but must live within Vernon’s service area, which includes Greater Manchester, East Cheshire, and surrounding spots like Stockport, Wigan, and Chester.

When you open the account, a linked Easy Access account will also be opened for you if you don’t already have one.

You can save between £25 and £400 a month, and there’s no pressure to deposit every single month. Withdrawals aren’t allowed, but if you need your savings urgently, you can close the account and get your balance.

You must apply through the Vernon Building Society website to open this online-only account.

Lloyds Bank Club Lloyds Monthly Saver⁹

If you’re a Lloyds Bank customer with a Club Lloyds account, you’ll be eligible to open its Monthly Saver account. This pays 6.25% AER interest fixed for 12 months, paid at the end of that period.

You can deposit between £25 and £400 a month, skip deposits if you want and make unlimited withdrawals without penalty.

To open this account, you can apply online, in the Lloyds Bank mobile app, in a branch or over the phone.

NatWest Digital Regular Saver Account¹⁰

If you have a current account with NatWest or Royal Bank of Scotland (RBS) - both part of the NatWest Group - you can open a Digital Regular Saver Account. It pays 6.17% AER variable on savings up to £5,000, with any balance above that earning 1.25% AER variable. There is no maximum balance limit.

You can deposit between £1 and £150 per month, but you’ll need to set up a standing order from your NatWest or RBS current account to make those monthly contributions. You’ll have easy access to your money, with no fees or penalties for withdrawals.

The account must be opened through the NatWest or RBS app or website, depending on which bank you hold your current account with.

West Brom Building Society Fixed Rate Regular Saver¹¹

Lastly, there's the Fixed Rate Regular Saver from West Brom Building Society, if you're willing to lock your money away for a full year.

t pays 6% AER fixed for 12 months, but you won’t be able to access your money during that time. That includes making withdrawals, closing the account early, or transferring the funds elsewhere.

You can save between £10 and £250 per month, but you don’t have to deposit money every single month. The total amount you can save over the year is capped at £3,000. The account is open to all, but you must apply in branch.

What is a regular saver account?

Regular savings accounts are designed for depositing each and every month, with a limit as to how much you can put in. They pay interest, which is usually paid yearly.

Rates are often higher than other types of savings accounts like ISAs, but there are strings attached. Some don’t permit withdrawals until the end of a year, while others don’t let you skip a month when it comes to making deposits. So, you’d need to be committed to saving a certain amount each month.

The interest rate usually only lasts a year - sometimes less - so you’ll need to switch accounts when the offer period ends to continue earning a higher rate.

Another important thing to note about these high interest regular saver accounts is that the majority are only open to existing customers. There are a few that are open to all - we’ll include these in our list below.

📚 Read more: Current accounts with best interest rates in the UK

Key things to know about regular saver accounts

Before you go ahead and open a regular savings account, there are a few important things you need to know about how they work. Some come with strict terms and conditions, so always read the details carefully before signing up.

Here are the key points you need to know:¹

• Many are only available to existing customers, so you’ll need to open a current account first
• You have the freedom to open more than one regular saver account across different banks (if eligible)
• It’s important to understand the interest you’ll receive. It may seem less than you’re expecting from the interest rate, as your money is accumulating monthly rather than being deposited as one lump sum.
• You’ll get Financial Services Compensation Scheme (FSCS) protection of up to £85,000 per person as long as you open a regular savings account with a UK-regulated provider.
• When you compare regular savings accounts, check the terms and conditions carefully - especially if the account requires you to deposit each and every month. If you miss a deposit, you could lose the interest rate or the account could be closed.

Earn a return with Wise Interest

A bank account isn’t the only way to manage – or grow – your money.

The Wise account is a fantastic alternative if you send money abroad, convert between currencies, or need an easy way to spend overseas. It’s not a bank account but offers some similar features.

You can also switch on Wise Interest** which lets you earn a variable return of up to 3.74%*** on your GBP balance. Unlike a typical savings account, your money is put to work by investing in a fund that holds government-guaranteed assets. It’s an effortless way to help your money grow while still enjoying the flexibility of Wise at home or abroad.

Here’s an overview of the main benefits of using Wise:

Fast and easy setup with no physical paperwork Low, upfront, transparent fees* and the mid-market exchange rates Dedicated support for large transfers Sophisticated security and anti-fraud measures, with your money safeguarded under regulatory protections Trackable and fast transfers to countries Low-cost spending in countries with the Wise card Earn a return on your GBP, USD and EUR balance with Wise Interest**

Sign up with Wise today

**Capital at risk. In the UK, Interest and Stocks are provided by Wise Assets — this is the trading name of Wise Assets UK Ltd, a subsidiary of Wise. Wise Assets UK Ltd is authorised as an investment firm and regulated by the Financial Conduct Authority (FCA). Our FCA number is 839689. We do not give investment advice, and you may be subject to pay tax. If you're not sure, seek qualified advice. You can find more information about the funds on our website.

***Capital at risk - past performance does not guarantee future growth. Variable rate is based on 7 day performance as of 14/05/2025. This fund has returned an 1.31% annual average over the last 5 years, excluding Wise fees. For the full 5 year past performance of funds, please visit our website.

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Sources used:

1. MoneySavingExpert - Regular savings accounts
2. Principality - 6 Month Regular Saver
3. First Direct - Regular Saver Account
4. Co-operative Bank - Regular Saver Account
5. Skipton Building Society - Regular Saver Accounts
6. Nationwide - Flex Regular Saver
7. Virgin Money - Regular Saver Exclusive
8. Vernon Building Society - Online Regular Saver
9. Lloyds Bank - Club Lloyds Monthly Saver
10. NatWest - Digital Regular Saver
11. West Brom Building Society - Fixed Rate Regular Saver

Sources last checked on date: 12-May-2025