What is a regular savings account?

What is a regular savings account?

Ian Green (Director) gives expert video advice on: Do building societies offer more interest?; How do I know I am getting the best deal?; What is a savings bonus? and more...

A regular savings account is an account that you put money into regularly, normally each month. The reason for this is the institution will give you a higher interest rate because you've committed to saving the money regularly for a set period of time, usually over a year.