Best Regular Savings Accounts UK 2026
Regular savings accounts pay significantly higher interest rates than standard savings — some above 7% AER — in exchange for committing to save a fixed monthly amount.
Best Regular Savings Rates 2026
| Bank | AER | Monthly Limit | Eligibility |
|---|---|---|---|
| First Direct | 7% | £300 | First Direct current account |
| HSBC | 7% | £250 | HSBC current account |
| Yorkshire BS | 7% | £500 | Open to all |
| Nationwide Flex | 6.5% | £200 | Nationwide FlexDirect |
| Lloyds | 6.25% | £400 | Lloyds current account |
Understanding the Real Return
The headline rate can mislead. Because you add money monthly rather than depositing the full amount on day one, the actual return is roughly half the annual rate on the maximum balance.
At 7% saving £300/month for 12 months: approximately £136 interest earned. Still better than any easy-access account, but not 7% on a lump sum.
The Feeder Account Strategy
Open the linked current account specifically for the regular saver access. Keep your main savings in a high-rate easy-access account. Transfer the maximum monthly amount from easy-access into the regular saver each payday. At maturity, move the balance back and repeat.
Withdrawal Restrictions
Most regular savers lock money for the full 12-month term. Check the terms carefully — some allow one or two withdrawals while others close the account entirely if you withdraw.
Regular savings accounts with best rates typically require a linked current account with the same provider.