Compare regular saver cash ISAs

Choose a regular saver cash ISA and top it up with funds each month to earn a better interest rate that's tax free.

5 results found, sorted by highest interest rate. How we order our comparisons. Commission earned affects the table's sort order.
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Suffolk Building Society 2 Year Regular Saver ISA (05.04.2024)
Term
05 Apr 2024
Open with
£10 to £1,666.66
Interest rate
1.8% AER fixed
Protection scheme
-
ISA transfers in
Not accepted
Suffolk Building Society 2 Year Regular Saver ISA (05.04.2024)
This account is only available in certain areas of the UK.
No withdrawals permitted during term. Closure permitted subject to 120 day interest penalty.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£101.8%1.8%1.8%1.8%
Eligibility
Maximum AgeUnlimited
Minimum Initial Deposit£10
Minimum Age16 years
Minimum Monthly Investment£10
Permanent UK Resident
Vernon Regular Saver ISA
Term
Regular saver
Open with
£25 to £500
Interest rate
1.6% AER variable on £25 to £25,000
Protection scheme
FSCS
ISA transfers in
Not accepted
Vernon Regular Saver ISA
This account is only available in certain areas of the UK.
Available in branch only. The interest rate you receive will vary based on your account balance.
2 withdrawals are allowed during each period (1st April to 31st March) without notice or penalty. Any further withdrawals will mean that the annual interest rate bonus will not be payable on 31st March.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£250.6%1.6%0.6%1.6%
£25,0010.6%0.6%0.6%0.6%
Eligibility
Maximum AgeUnlimited
Minimum Initial Deposit£25
Minimum Age16 years
Minimum Monthly Investment£25
Permanent UK Resident
The Nottingham Starter ISA Issue 10
Term
05 Apr 2023
Open with
£10 to £1,600
Interest rate
1.35% AER fixed
Protection scheme
FSCS
ISA transfers in
Not accepted
The Nottingham Starter ISA Issue 10
Available in branch only.
Withdrawals, closure and transfers out permitted subject to 180 day interest penalty.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£101.35%1.35%1.35%1.35%
Eligibility
Maximum AgeUnlimited
Minimum Initial Deposit£10
Minimum Age16 years
Minimum Monthly Investment£10
Permanent UK Resident
Progressive Building Society Clockwork Regular ISA Saver Issue 2
Term
Regular saver
Open with
£20 to £1,666.66
Interest rate
1% AER variable
Protection scheme
FSCS
ISA transfers in
Not accepted
Progressive Building Society Clockwork Regular ISA Saver Issue 2
This account is only available in certain areas of the UK.
One withdrawal permitted per calendar year, further withdrawals will result in the account becoming an instant access cash ISA at the rate applicable at that time.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£201%1%1%1%
Eligibility
Maximum AgeUnlimited
Minimum Initial Deposit£20
Minimum Age16 years
Minimum Monthly Investment£20
Permanent UK Resident
Hanley Economic Building Society Cash ISA Regular Saver
Term
Regular saver
Open with
£20 to £1,666.66
Interest rate
0.75% AER variable
Protection scheme
FSCS
ISA transfers in
Not accepted
Hanley Economic Building Society Cash ISA Regular Saver
One penalty free withdrawal can be made during the ISA year (6 April - 5 April). Other withdrawals can be made but will be subject to 30 days loss of interest on the amount withdrawn.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£200.75%0.75%0.75%0.75%
Eligibility
Maximum AgeUnlimited
Minimum Initial Deposit£20
Minimum Age16 years
Minimum Monthly Investment£20
Permanent UK Resident

Last updated: 30 March, 2021

What is a regular saver ISA?

If you're looking to save a little every month and want to take advantage of tax-free interest payments, our guide will help you to find the best regular savings ISA.

A regular saver ISA (Individual Savings Account) allows you to save up to a set amount each tax year without needing to pay income tax or Capital Gains Tax. This means you get to keep all of the interest you earn, rather than paying 20% of it to the taxman, or even 40% if you're a higher taxpayer.

A regular saver cash ISA works like a savings deposit account, although the maximum you're allowed to pay in during the 2021/22 tax year is currently £20,000. You can only pay into one regular saver ISA per tax year, and if you don't use all of your allowance, you can't carry this over to the next year.

Stocks and shares ISAs also exist, allowing you to invest up to this annual allowance minus any amount you've already put in to a cash ISA that year.

How to find the best regular saver cash ISAs

Some of the best interest rates on the market are for accounts that reward savers for making regular monthly payments, rather than just depositing a large sum at the start. Taxable regular savings accounts are available, but if you'd like to make the most of your tax-free allowance, a regular saving ISA might offer higher interest payments. Understanding how they work and what features to look for will help you find the best regular saver ISA to suit you.

Why open a regular saver cash ISA?

The main perk of opening a regular savings ISA is that the interest you earn will be tax free so you get to keep the lot, but that doesn't mean they are always the best choice.

If the regular saver ISA rates you find are much lower than competing normal savings accounts, you could look elsewhere. Remember, you'll need to find the net rate of each account, which is the rate you get after tax has been deducted; for example, if you pay 20% tax, the net rate of an account that pays 3.75% would be 3%. Compare this to the rates of the ISAs you find, and if the ISAs offer a better return, they're worth investing in.

Our guide should answer any questions you might have about ISAs.

Why choose a regular savings ISA?

A regular saver ISA will usually pay a fixed rate of interest over an agreed period as long as you pay into it once a month. The rates these accounts offer are often better than standard savings accounts and are especially useful if you want to save a little each month.

If you have a lump sum already saved and are attracted by the rates of a regular saver, you probably won't be able to deposit your whole amount immediately, so you'll have to set up a regular payment into the new ISA. Remember, this means that you'll only earn interest each day on the amount that's currently in the account, so you'll need to work out what will pay most; an account that will let you deposit the whole sum immediately may pay more interest if it only has a slightly lower rate.

What to look for from a regular saver ISA

Once you have decided that a regular savings cash ISA is the right account for you, look into the following features:

How you would like the interest paid

Interest is usually paid annually or monthly - many providers will offer you the choice, but not always, so if you have a preference, make sure you only consider the accounts that pay interest when you want it. You may also be able to choose if you want compound interest, which is added to increase your account balance, or if you would like it paid out to your bank account instead.

Minimum/maximum contributions

Pay close attention to the terms of your regular saver cash ISA, as it's likely that the interest rate offered will only be valid if you play by the rules. There will be a minimum and maximum amount you need to pay in each month, and if you miss a payment or deposit too much, you could end up losing the high interest rate. Strictness levels vary; some companies will allow a missed payment or two, whereas others will transfer you to their basic deposit account if you breach their terms, so check the small print carefully so you know what's required.

Withdrawal restrictions

It's likely that restrictions will apply to withdrawals, as well as deposits. Again, the severity of the terms will vary: some will allow a specified number of withdrawals, others won't allow any without lowering your rate or imposing an interest penalty. If you think there's a chance you'll need access to your funds, choose an account that doesn't punish you for this.

Compare Regular savings cash ISAs

Once you've decided what you need your regular saver ISA for, narrow down the accounts that meet your requirements in our regular savings ISA comparison. You'll then be able to find which of these has the best rate; this is important as it will determine how much interest you're paid.

Also check how long the rate is guaranteed for; this will often be a year, after which it will revert to a lower rate. If so, remember to look for a new account once the higher rate expires; our guide explains what you need to know.

About our regular saver cash ISAs comparison

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