Please make sure you have read the Regular Saver Account Summary Box and Personal Savings Terms and Conditions.
Log in to open a new account.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Yes, the interest rate is variable. We can increase or decrease the rate for any of the reasons set out in our Personal Savings Terms and Conditions. If we decrease the rate, we will let you know at least 14 days before the rate change happens.
| Amount saved | Estimated balance after 12 months | Interest earned |
| £3,600 | £3,702.27 | £102.27 |
The example above assumes that 12 monthly deposits of £300 made on the 1st of the month. This is the maximum you can pay in each calendar month.
This is only an example and does not take into account your individual circumstances.
Yes, you can make unlimited withdrawals to your nominated account or transfers to any other Personal Savings accounts you hold with us that allow deposits.
At the end of the 12 month term, your money and interest will be transferred to an easy access account.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year
To view all current and previous rates for our personal savings accounts variable rate products, please click here.
You can open a Regular Saver Account just as long as you:
This is a type of savings account where you can pay in a monthly amount on a regular basis for a set period of time. You’ll typically get a better interest rate than you'd get with an easy access account.
With our Regular Saver Account Issue 1, you’ll need to pay in £25 to open the account and the account runs for 12 months from the date your first deposit is received. The maximum monthly deposit amount is £300 in total per calendar month, which can be made in one deposit or multiple deposits.
You don’t have to make a deposit each calendar month. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.
If you make a deposit of more than the maximum monthly amount of £300, this will be returned to your nominated account. If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.
You’re not allowed to take money out or close the account during the 12 month term. At the end of the term, we’ll transfer your money to an Easy Access Account at the interest rate available at that time.
Our accounts are open to a wide range of people for a wide range of needs, just so long as you:
You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account. Please make sure that any payments you send us reach us within the calendar month they’re intended for. If you’re making regular deposits of the same amount each month, it may be easier to set up a standing order. This will need to be set up on or before the 25th of each month to allow enough time for payments to reach the account within the calendar month.
You need to deposit £25 to open the account. You can pay in as little or as much as you like each month, up to a maximum monthly amount of £300. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.
If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.
Yes, you can make unlimited withdrawals to your nominated account or transfers to any other Personal Savings accounts you hold with us that allow deposits. At the end of the 12 month term your money and interest will be transferred to an easy access account.