The best regular saver right now is 7% from First Direct
Regular Saver pays 7% AER on up to £300/month — about £137 interest over 12 months.
Regular savers offer the highest rates in retail banking, but cap your monthly deposit. The headline rate applies to a balance that builds over the year, so the real return is roughly half the rate × your total deposits. We rank by rate, then by the interest you'd actually earn.
Top regular savers — ranked by rate
First Direct
Regular Saver · £300/mo · 12mo · ~£137 interest
Co-op Bank
Regular Saver · £250/mo · 12mo · ~£114 interest
NatWest
Digital Regular Saver · £150/mo · 12mo · ~£68 interest
RBS
Digital Regular Saver · £150/mo · 12mo · ~£68 interest
Nationwide
Flex Regular Saver · £200/mo · 12mo · ~£85 interest
Lloyds
Club Lloyds Monthly Saver · £400/mo · 12mo · ~£163 interest
Santander
Edge Saver · £333/mo · 12mo · ~£130 interest
Halifax
Regular Saver · £250/mo · 12mo · ~£89 interest
HSBC
Regular Saver · £250/mo · 12mo · ~£81 interest
TSB
Monthly Saver · £250/mo · 12mo · ~£81 interest
Barclays
Rainy Day Saver · £417/mo · 12mo · ~£107 interest
Frequently asked questions
What is the best regular saver right now?
As of June 2026, the best UK regular saver is the First Direct Regular Saver at 7% AER on up to £300 a month — earning roughly £137 interest over 12 months. It requires a linked 1st Account.
Why isn't my interest the full headline rate?
Because your balance builds up monthly, the rate applies to an average of about half your total deposits. A 7% saver at £300/month earns roughly £137 over a year, not £252.
Do I need a current account?
Most top regular savers require the provider's current account. This pairs neatly with switching — take the switch bonus, then open the linked regular saver.