What is a regular saver account ?
Par Banketto UK
Publié le
What is a regular saver account ?
Regular saver account is an efficient way to build up a nice sum of money. It runs for 12 months, however you can’t usually access your money during that time. Money deposited is subject to fixed interest rate of 2% to 8% on this period.
Regular saver account: very flexible !
You can Manage your account in branch, by phone or online. It’s possible to perform a standing order monthly of £20 to £300. So the ceiling is £3000. After 12 month if you want to stop it your money and any accrued interest are transferred to your current account.
All banks offer such products (Santander, Barclays Bank, Halifax...)