Regular Saver

Progressive Building Society Online Regular Saver Account Review

A regular saver from Progressive Building Society, letting you save up to £1,000 a month for 1 year. It ranks 53rd of 56 regular savers we track.

Variable rate · 1 year

2.50%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Monthly limit

£1,000

Max balance

No limit

Access

Easy access

Interest paid

Yearly

How It Stacks Up

Ranks 53rd of 56

Regular savers we track

Well below average
This account 2.50%
UK CPI (Aug 2026)
3.10%
Pays 0.60% less
Average regular saver
4.96%
Pays 2.46% less
Best regular saver
8.00%
Pays 5.50% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare regular savers

A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access
  • Pro: People who can save a set amount each month

Worth Weighing Up

  • Con: The rate is variable, so it can go down
  • Con: You can only pay in up to £1,000 a month

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Estimated returns with Progressive Building Society's Regular Saver

What you could earn with Progressive Building Society's Online Regular Saver Account.

Estimated interest

£50 a month

£8.13

At 2.5% AER

£200 a month

£32.50

At 2.5% AER

£300 a month

£48.75

At 2.5% AER

£1,000 a month

£162.50

At 2.5% AER

Estimated over one year, if the rate stays the same and interest is left in. Assumes you pay in that amount every month for the full term.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Progressive Building Society Online Regular Saver Account

Jan WatermannCo-Founder, DepositScout

Progressive Building Society's Online Regular Saver pays 2.50%, which sits below the market average for regular savers and is 5.50% behind the category leader at 8.00%, so this is not a rate I would choose on yield alone. It also falls 0.60% short of CPI inflation at 3.10%, meaning your money loses purchasing power in real terms. The £1,000 monthly deposit cap is worth noting as a practical ceiling. If you want to stay with Progressive, their Online First Home Saver Account pays 3.25%, or Coventry Building Society's Regular Saver reaches 4.00%.

Compare Regular Savers

2 alternatives to Progressive Building Society's Online Regular Saver Account

Same type of account, closest on rate.

Common questions about the Online Regular Saver Account

D

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