Top Regular Savings Accounts Right Now: September 2023

Top Regular Savings Accounts Right Now: September 2023

Some of the finest market returns are available from regular savings accounts. On the other hand, they are subject to rigorous limitations.

For instance, only the bank's current account clients may take advantage of the majority of the best bargains. There is a monthly maximum for deposits into these accounts, and there may be withdrawal limitations as well.

Interestingly, regular savers are definitely worth a look with the market offering returns of up to 7.00%. They can be especially helpful for reaching a savings target or beginning a good savings habit.

Regular savings accounts: what are they?

If you don't have a large sum of money to invest, you may become a regular saver by designating a certain amount of money each month.

You may accomplish this with a regular savings account or an easy access or notice account.

They are an excellent approach to developing the habit of saving and amassing money in an account that offers a respectable rate of interest.

To make your contributions seem like another bill (from which you will eventually profit), you may arrange for a direct debit to be taken out on the day after your payment.

So, what are the top offers available? We’ve created a table below with some of the best regular saving accounts:

Keep in mind that the majority of these accounts demand that you have an active account with the provider. 

Remember that savings rates are subject to regular adjustment. When you're ready to apply, always recheck the rate.

*Key Note* - You might need to think about shifting your money after a year because the high rates on offer often have a 12-month promotional period before they decline.

(Sources: forbes.com, thetimes.co.uk)