Most of us want to put money aside for a rainy day or for that new car or holiday, but it’s not always easy to save.
With the cost of living squeeze we have less spare money and the thought of saving is easily dismissed as unaffordable.
Actually making the time and effort to set up a savings account is probably the hardest part for most people, once you get into the savings habit and see your balance grow month on month it can give you the encouragement to keep going.
Many banks offer regular savings accounts and these are a great way to kick start your savings habit, but the accounts often come with a number of terms and conditions.
Here are some of the best regular savings accounts currently available:
| Provider | Rate | Bank A/C required | Min/Max per month | Withdrawal permitted? | More info |
| Nationwide Building Society | 8% | Yes | Up to £200 | Yes – max 3 in 12 months no penalty 4 withdrawals means rate drops to 2.15% | More info |
| Coventry Building Society | 5.50% | No | Up to £500 | Yes but penalty of 30 days interest on amount withdrawn | More info |
| First Direct | 7% | Yes | £25 to £300 | No | More Info |
| Nat West | 6.17% | Yes | Up to £150 | Yes – no penalties | More Info |
| TSB | 6% | Yes | £25 to £250 | Yes – no penalties | More Info |
| Halifax | 5.50% | No | £25 to £250 | No | More Info |
| Aldermore | 5.25% | No | Up to £300 | Yes – no penalties | More info |
