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Original poster

Have a regular amount to save , which account is best ?

7 replies

ohyesohyesoh · 01/05/2026 13:15

Hi I have (roughly ) £1000 to save each month, I’m taking extra shifts at work & really working my socks off to get some money saved.
I don’t need to pay off mortgages or other debts so this is all going towards a big pot for something in a year or so time. I shouldn’t need to get to the money between now & say 12 months.
has any one spotted any good regular savings accounts which allow for £1000 money deposits ? The accounts recommended on MSE are all capped at smaller monthly amounts.

thanks

OP posts:

Destiny123 · 01/05/2026 13:20

There aren't any, max is 400 with club lloyds. Go on money-saving expert for best rates then have multiple

Blueroses99 · 01/05/2026 13:21

There’s no reason you can’t have a few smaller pots to save £1000 month to get the best interest rates. I set up my savings accounts in July when I get my bonus and set up one account for £400 a month at 6.5% and another two accounts with similar rates at £200 each, so I don’t know what the best rates are now but makes sense to the best rates for small regular savings if it means you’ll get more than saving £1000 a month in one place.

Original poster

ohyesohyesoh · 01/05/2026 13:21

Oh of course. ! Thanks

OP posts:

Aloesue · 01/05/2026 13:29

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

ConBatulations · 02/05/2026 19:43

https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/?id=null&business-type=16&activity-type=null&investment-amount=1000&investment-type=2&account-types=16&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&is-shariaa=2&joint-account-only=2&flexible-isa-only=2&quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate

Sorry for long link but there are some that allow higher monthly deposits. You will probably get higher interest rates on smaller amounts and just have several of them.

Highest Regular Savings Rates | Updated Every Hour

Updated every hour, our charts display rates from almost all the UK regular savings account market. Trusted by millions, explore rates now.

https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts?account-management-methods=null&account-opening-methods=null&account-types=16&activity-type=null&age=21&business-type=16&existing-customers-only=2&flexible-isa-only=2&has-withdrawal-restrictions=2&id=null&include-notice-period=true&include-term=true&interest-paid-frequencies=null&investment-amount=1000&investment-type=2&is-shariaa=2&joint-account-only=2&notice-periods=null&product-favorites-first=false&quick-links-first=false&sort-order=AER&sort-order-text=Rate&terms=null

Notmyreality · 02/05/2026 19:49

Put it in a cash ISA

everyoldsock · 02/05/2026 20:11

Not a fan of this kind of financial product. Too many restrictions and the headline grabbing interest rate is a bit misleading:

https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Some months I have more than £1K to save, sometimes a little less. An easy access cash ISA works for me, it’s only paying 4% but I can access the money quickly with no penalties. Penalties for withdrawals is also something to watch out for. Any savings account with a high interest rate always has at least one catch.

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