Regular Saving Account
Regular savings account allows you to save a fixed amount regularly for a period of 12 month with higher interest paid on a recurring basis.
You can open regular saving account only when you have a current account as you will have to set up a standing order to pay into your regular saving account every month.
Usually there will be a minimum and maximum amount that you could pay into your regular saving account. For example Bank might say you should set up standing order in your current to pay into your regular savings account not less than £25 and not more than £500 a month for a period of 12 month.
This is another attractive savings account as you will be saving money as well as earn higher interest when compared to other saving accounts.
