Rate alert: regular savings accounts

Recent reports indicate an increased demand for regular savings accounts as savers look to put some money aside for a rainy day. Many people are finding they have more money to save each month as the low base rate has reduced their mortgage repayments. Barclays – Monthly Savings Barclays is now paying a rate of 4.17pc on its Monthly Savings account. The rate is fixed for one year and savers can invest between £20 and £250 per month into the account. Savers can get instant access to their money, but if a withdrawal is made a 1.18pc loss of interest penalty is payable for that month. Norwich & Peterborough Building Society – Family Regular Saver The Family Regular Saver account from Norwich & Peterborough Building Society was the recent winner of the Innovation... [read full story]                    

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