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Like NatWest, the same interest rules apply (6.17 percent paid up to £5,000, then 0.65 percent), interest is applied monthly, and unlimited withdrawals are also permitted.
In fourth place is Nationwide BS’ Start to Save (Issue 2) with an AER of five percent.
Interest is calculated daily and paid yearly on each anniversary of its opening, and those who regularly save between £25 and £50 per month will also be entered into a £250 prize draw with multiple winners.
This is an instant-access savings account, which means people can get access to their money whenever they need it. But, those who do withdraw may need to repay all or some of it back in during the same calendar month to be eligible for the prize draw.
Placing fifth is TSB’s Monthly Saver Account with an AER of five percent.
Savers can open this account with just £1 and interest is calculated daily and paid at the end of the 12-month term.
A monthly standing order between £25 and £250 must be set up from a TSB current account, and only one payment can be made each month. Withdrawals are permitted instantly without penalties, however, the funds can not be replaced.
Hinckley & Rugby BS’ Regular Saver 30 Day Notice Account places sixth with an AER of 4.75 percent.
A £10 deposit is required to open the account and up to £500 can be deposited monthly. Subject to a 30-day notice period, unlimited withdrawals are also permitted. However, if two payments are missed, the account will revert to Plain Sailing Easy Access Account.
In seventh place is Yorkshire Building Society’s Christmas Regular Saver with an AER of 4.5 percent.
The account can be opened with £1 and interest is calculated daily and paid on maturity on October 31. Up to £300 can be saved per month but just one withdrawal is permitted throughout the course of the term.
Placing eight is Lloyds Bank’s Monthly Saver with an AER of 4.5 percent.
A minimum deposit of £25 is required to open the account, and regular savings between £25 and £250 must be deposited every month.
