Regular Saver from Newcastle Building Society
Protection
FSCS
Up to £120,000
Monthly limit
£250
Access
Instant
Interest paid
Anniversary
Apply online or in branch.
Please verify all details with the provider – for more info read our Disclaimer
At 5.75% on up to £250 a month, this account suits disciplined savers who want to build a habit rather than deposit a lump sum, and the instant access means you are not completely locked in if something comes up. The main thing to be aware of is that after twelve months the account matures and your balance rolls into a variable rate easy access account, so you need to be ready to move the money somewhere more competitive at that point. Interest is only paid on the anniversary, so you will not see any return until the year is up. Skipton Building Society and Vernon Building Society both offer regular savers at the same 5.75% rate if you want to compare before committing.
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