Save every month for the best interest rates
The best-paying savings accounts are usually regular savers, which are where you pay into them regularly, usually monthly, with rates currently as high as 8%. Here are the top paying ones, and whether you need to be an existing customer with the bank or not to get them.
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What is a regular or monthly savings account?
These “Regular” or monthly saver accounts work differently to normal saving accounts.
For a start, there’s a limit to how much you can save each month, and the interest is calculated on the balance each month. With most, after 12 months the interest is paid and your saver (usually) closed. But you can then open up another and begin again.
These are ideal if you only have a certain amount of money to put aside each month, or to move money every month from a lower-paying easy access account. Here’s my full guide to how they work.
You can usually only open the top accounts if you have or open a current account with these banks – but that’s no reason to put you off.
Current account linked regular savers – up to 7%
These accounts pay a decent amount each month, but to get them you have to have a current account with the corresponding bank. It’s possible to have more than one current account so you’re able to open new ones up if you’re not already a customer, but you will be credit checked. Look out too for any switching deals.
First Direct Regular Saver (7%)
| Account name | Regular Saver |
| Max interest in one year | £135 |
| Interest rate | 7% AER (fixed) |
| Max monthly deposit | £300 |
| Min monthly deposit | £25 |
| Carry over unused allowance? | Yes |
| Account closes | After 12 months |
| Auto renews | No |
| Withdrawals | Any withdrawal closes the account and reduces the interest paid |
| Requirements | Must have a First Direct current account |
Co-operative Regular Saver (7%)
| Account name | Regular Saver |
| Max interest in one year | £114 |
| Interest rate | 7% AER (variable) |
| Max monthly deposit | £250 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Auto renews | No |
| Withdrawals | Withdraw as you wish |
| Requirements | Must have a Co-operative current account |
Nationwide Flex Regular Saver (6.5%)
| Account name | Nationwide Flex Regular Saver |
| Max interest in one year | £84 |
| Interest rate | 6.5% AER (variable) |
| Max monthly deposit | £200 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | Yes, but more than three withdrawals a year and the rate drops |
| Requirements | Must have a Nationwide current account |
Club Lloyds monthly saver (6.25% AER)
| Account name | Club Lloyds Monthly Saver |
| Max interest in one year | £161 |
| Interest rate | 6.25% AER (fixed) |
| Max monthly deposit | £400 |
| Min monthly deposit | £25 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Auto renews | No |
| Withdrawals | Yes, but money can’t be replaced beyond that month’s allowance |
| Requirements | Must have a Club Lloyds current account |
| Money must reach the account by the 25 of the month |
You need to have a Club Lloyds current account to get this regular saver. This comes with a freebie such as six cinema tickets. Here’s our review.
You’ll also be able to open the standard monthly saver on top (details below).
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Natwest / RBS Digital Regular Saver (6.17%)
| Account name | Digital Regular Saver |
| Max interest in one year | £60 (first year only, it’ll be more in further years) |
| Interest rate | 6.17% AER (variable) up to £5,000 |
| 1% on balances over £5,000 | |
| Max monthly deposit | £150 |
| Min monthly deposit | £1 |
| Max amount earn interest on | £5,000 |
| Account closes | No |
| Withdrawals | Easy access with no penalty |
| Requirements | Must have a Natwest or RBS current account |
This account offers a massive rate but with a few restrictions. The biggest is you can only save £150 every month. Not far behind is that this high-interest rate will only be paid on the first £5,000 saved. However it doesn’t expire after 12 months like other regular savers.
It’s only open to Natwest or RBS customers – though you can have one at each bank. Here’s my review of the account and more information on how it works.
You can add more each month via round-ups from debit card spending via your Natwest or RBS current account.
Other current account linked monthly savers (up to 6%)
- TSB Monthly Saver (6% AER fixed) – min £50 / max £250 a month (requires TSB current account)
- Bank of Scotland (5.5% AER fixed) – min £25 / max £250 a month (requires current account)
- Lloyds Monthly Saver (5.25% AER fixed) – min £25 / max £250 a month (requires current account)
- Santander Regular eSaver (5% AER fixed) – min £0 / max £200 a month (requires a current account)
- HSBC Regular Saver (5% AER fixed) – min £25 / max £250 per month (requires a current account)
Editor’s savings pick
Earn a market leading 5.17% AER from this Trading 212 Cash ISA
All customer monthly savers – up to 8%
If you don’t have one of the required current accounts, then these can be opened as a new or existing customer. It’s also worth checking your local building society to see if they offer a better regular saver for those who live nearby and can go into a branch to open an account.
Principality Six Month Regular Saver (8%)
| Account name | 6 Month Regular Saver |
| Max interest in six months | £27.53 |
| Interest rate | 8% AER (fixed) |
| Max monthly deposit | £200 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After six months |
| Withdrawals | None allowed |
| Further details | You can close your account before the six months ends. Any interest you’ve earned will be added to the account balance and paid to you. |
Principality Christmas 2025 Regular Saver (7%)
| Account name | Christmas 2025 Regular Saver |
| Max interest in one year | £56.58 |
| Interest rate | 7% AER (fixed) |
| Max monthly deposit | £125 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After a year |
| Withdrawals | None allowed |
| Further details | Interest is paid at maturity |
Coventry Sunny Day Regular Saver (6.25%)
| Account name | Regular Saver |
| Max interest in one year | £61.08 |
| Interest rate | 6.25% AER (variable) |
| Max monthly deposit | £150 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | Whenever you want |
| Further details | There’s also a monthly prize draw, held during the second week of each calendar month. There will be 20 winners each month, which is paid into your savings account. One winner gets £500, five people win £200 and 14 people win £50. |
Saffron Building Society Small Saver (5.75%)
| Account name | Small Saver |
| Max interest in one year | £17.88 |
| Interest rate | 5.5% AER (variable) |
| Max monthly deposit | £50 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | One time per month |
| Further details | You don’t have to pay in every month. At the end of the 12 months, your account will convert to a Maturity Easy Access account. |
Halifax Regular Saver (5.5%)
| Account name | Regular Saver |
| Max interest in one year | £89 |
| Interest rate | 5.5% AER (fixed) |
| Max monthly deposit | £250 |
| Min monthly deposit | £25 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Auto renews | Yes |
| Withdrawals | Only if you close the account |
| Requirements | Money must reach the account by the 25 of the month |
Principality Regular Saver (5.5%)
| Account name | Regular Saver |
| Max interest in one year | £89.38 |
| Interest rate | 5.5% AER variable |
| Max monthly deposit | £250 |
| Min monthly deposit | £0 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | Only if you close the account |
| Requirements | No withdrawals before the end of the 12-month term |
Gatehouse Regular Saver (5.3%)
| Account name | Regular Saver |
| Max interest in one year | £136.50 |
| Interest rate | 5.3% expected profit rate variable |
| Max monthly deposit | £300 |
| Min monthly deposit | £1 |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | Only if you close the account |
| Requirements | Money must reach the account by the 25 of the month |
Other open to all monthly savers (up to 5.25%)
- Aldermore (5.25% AER fixed) – min £25 / max £300 a month
- Leeds Building Society (5.1% AER variable) – min £100 / max £250 a month (lasts two years)
- Yorkshire Building Society (5.05% AER variable) – min £100 / max £250 a month
Loyalty regular savers – up to 7%
These accounts are only for existing customers of the building societies by a certain date.
Skipton Building Society Regular Saver (7%)
| Account name | Member Regular Saver |
| Max interest in one year | £113 |
| Interest rate | 7% AER (fixed) |
| Max monthly deposit | £250 |
| Min monthly deposit | None |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | Any withdrawal closes the account |
| Requirements | Must have been a member of Skipton Building Society with a balance of at least £1 since 11 January 2024 or before |
| Note | This account replaced the previous Skipton Building Society Regular Saver that was 7.5% on 12 January 2024. |
Yorkshire Building Society Loyalty Regular Saver (5.65%)
| Account name | Loyalty Regular Saver |
| Max interest in one year | £91.83 |
| Interest rate | 5.65% AER (fixed) |
| Max monthly deposit | £250 |
| Min monthly deposit | None |
| Carry over unused allowance? | No |
| Account closes | After 12 months |
| Withdrawals | You can make one withdrawal in a year, but none in the first 14 days. |
| Requirements | You must already have a savings or mortgage with Yorkshire Building Society which has been open for at least 12 months in a row |
Other savings accounts
Head over to our daily updated best buy guide to all savings accounts to find the best rates in easy access, ISAs, fixed rate bonds and more.
My Natwest regular saver will mature in two months at which time the annual interest on the full amount invested of over £1800 will earn at least £112 in interest the following year even if I do not make any further monthly payments. The update above says the maximum interest is £60 but this limit only applies to the first year as that is the maximum you can earn in that year.
It says “Max interest in one year, £60”
The NatWest/RBS Digital Regular Saver is a bit different from a typical regular saver account. Presumably this website used a fairly basic calculation based on the assumption that these accounts will only be open for 1 year
Yes, I’ve learnt £72.25 in 4 months on this account so the review is incorrect
For Building Societies that want an existing customer history before allowing access to their higher savings rate “Loyalty” Regular Savings accounts.
It is worth your while setting up a minimum amount i.e. £5 into this years Regular Saving account to enable entry into the following years much higher Premium Regular Savings accounts.
You will still be able to retrieve your minimal savings in the 1st year with minimal earnings, but with the added benefit of entry into the Premium Regular Saver accounts for subsequent years, it just takes a bit of foresight and organisation.
My email esaver Account only pays 2% which is the same as when I opened it a year ago.
At 83 I wasn’t aware that the interest would be 2% for a year. I have been with Santander for years because they give money to my account when paying water and electric charges etc.
What’s my Best option now please
Alfie
Depend where you live in area. Nationwide is best option. I do have Santander has low interest isn’t great.
You have to keep an eye out for updates from Be clever with your cash. There have been two easy access saving accounts with Santander one I still have is 3.98% and they had another up until the 17 Sept ’23 for 5.20% which I also have. You could have opened both online from your account. They are not offering much now so it is best to check out what else is on offer. Easy Access means there is no real restrictions on your account other than you do not get a bank card to go shopping with…