HSBC and its internet-based bank First Direct have slashed the interest rates on their regularsavings accountsfrom 5% to 2.75%. The rate cuts means only M&S, which is also partly owned by HSBC, is offering 5% interest rates on regular savings. Nationwide Building Society previously offered 5% ...
Regular savings accounts aredesigned for depositing each and every month, with a limit as to how much you can put in. They pay interest, which is usually paid yearly. Rates are often higher than other types of savings accountslikeISAs, but there are strings attached. Some don’t permit wi...
When you want a higher interest rate: The difference in interest rates between traditional and high-yield savings accounts can really add up over time. For instance, let's say you have $1,000 in savings. At the current interest rates, you'd earn only $3.30 per year with a regular savin...
In return for monthly savings, regular savings accounts offer a temptingly higher interest rate than standard savings accounts, that is fixed for at least the first 12 months. For example, you may find a regular savings account offering twice the rate or more of a standard savings account. How...
Pros and cons of a regular savings account Pros The interest rates on offer can be better than for traditional, easy-access and notice savings accounts. The need to pay money in regularly will help build up your savings pot. Regular savers are a great way to hit specific savings goals with...
Potential for higher interest rates. By committing to monthly saving, you could earn better rates than other accounts. Cons Monthly limit on deposits. You can only save up to £150 each calendar month. Interest rates could change. Our Digital Regular Saver offers variable interest, meaning rate...
Our Money Market savings account can help you earn more for your money. It’s a great choice for investors to start saving while taking advantage of money market interest rates. Start your account with a $2,500 opening deposit. Read More ...
aMoney market accounts typically offer higher interest rates than regular savings and checking accounts do, but they also typically carry additional restrictions. Some money market accounts have higher minimum balance limits, some have restrictions on the number of transactions you can complete in a ...
Effortless transfers between your other i-bank accounts 24-hour account access Contact i-bank for current interest rates and annual percentage yields. Terms: You must deposit at least $100 to open this account. A service charge of $5.00 will be imposed every quarter if the balance in the acc...
Regular Savings: Where to Go If You Want to Stash and GrabInstant access accountsThese accounts usually pay the lowest rates of interest, oftenas...By WelsbyKen