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This account allows people to save up to £250 a month and requires a £1 deposit to launch it. However, up to three withdrawals are permitted every calendar year.
In fifth place is Hinckley & Rugby BS’ Regular Saver 30-Day Notice account with an AER of three 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.
Coming sixth is Nationwide BS’ Flex Regular Saver with an AER of three percent.
A minimum of £1 is required to open the account and people can save up to £200 per month, however, if withdrawals are made four time or more, the lower one percent interest rate will be paid for the rest of term.
TSB’s Monthly Saver ranks seventh with an AER of three percent.
A minimum of £25 is required to open the account and interest is rewarded after 12 months. Withdrawals are also permitted without penalty.
Placing eighth on the list is Principality BS’ 1 Year Regular Saver Bond (Issue 29) with an AER of 2.8 percent.
A minimum of £20 is required to open the account, up to £250 can be submitted monthly, and interest is paid one year after opening.
However, as the account is a one-year bond, withdrawals are only permitted on closure of the account.