Building Society Regular Saver Accounts: Rates & Monthly Limits

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UK Regular Saver Comparison · September 2026

Building Society Regular Saver Accounts: Rates & Monthly Limits

Building society regular saver accounts can pay noticeably higher headline rates than ordinary easy-access accounts, but the trade-off is usually a monthly deposit limit, membership rule, withdrawal restriction or short account term.

The biggest mistake is choosing only by AER. A 7.00% account capped at £200 a month and a 4.00% account accepting £500 a month solve different problems. This guide compares the rate, monthly funding limit, access rules and eligibility together.

Compare 2026 Regular Saver Rates See How Much Interest You Really Earn Check Monthly Deposit Rules
Rate warning: regular saver products are often limited issues. A building society can withdraw an account, launch a new issue or change a variable rate without waiting for this page to be updated. Re-open the provider’s live Summary Box immediately before applying.

Editorial rate check: 22 September 2026. This page focuses on building society regular savers available or actively published during this review. It does not claim to rank every bank, credit union or savings provider in the UK.

Regular Saver Accounts: Quick Answers

7.00% Progressive Building Society Online 1 Year Monthly Saver rate checked for this guide.
6.50% Nationwide Flex Regular Saver and Leeds member regular saver headline rates checked.
£200–£500 Common monthly maximum among many mainstream regular savers reviewed here.
£120,000 Current standard FSCS deposit-protection limit per eligible person, per authorised firm.
Fast answer: if you can save only £100–£200 each month, the headline rate can matter a lot. If you can save £400–£500 each month, the monthly cap matters just as much because money above the cap needs somewhere else to go.

Building Society Regular Saver Rates: September 2026 Snapshot

The accounts below show how different the market can be even within building societies. Some of the highest rates require existing membership, while others are available to new UK customers. Access ranges from unlimited withdrawals to no partial withdrawals at all.

Provider / account
AER
Monthly limit
Access
Eligibility / important rule
Progressive BS Online 1 Year Monthly Saver Issue 1 Variable · 12 months
7.00%
£200
Unlimited withdrawals; one online withdrawal per day. Early full closure not allowed after cooling-off period.
UK residents aged 18+. Online only. Monthly money must arrive by the stated monthly deadline.
Nationwide Flex Regular Saver Variable · 12 months
6.50%
£200
Up to 3 withdrawals without rate reduction; 4th withdrawal triggers lower rate for rest of term.
Eligible Nationwide current-account customers aged 16+; online management.
Leeds BS Branch & Post Member Regular Saver Variable · member account
6.50%
£250
1 withdrawal without loss; additional withdrawals can incur 30 days’ loss of interest.
18+ and qualifying Leeds member continuously since 31 December 2025. £100 minimum operating balance.
Newcastle BS Regular Saver Issue 2 Variable · 12 months
5.75%
£250
Unlimited penalty-free withdrawals and transfers.
Open from £1. The current product is promoted for branch application.
Skipton BS Member Regular Saver Variable · tracks Bank Rate
5.75%
£250
No normal withdrawals; early closure allowed.
Skipton member for at least 30 days, aged 16+, and product-holding rules apply.
Skipton BS Regular Saver Variable · tracks Bank Rate
5.25%
£200
No normal withdrawals; early closure allowed.
Aged 16+. One account from Skipton’s Regular Saver range at a time.
West Brom Fixed Rate Regular Saver Issue 8 Fixed · 12 months
5.00%
£200
No withdrawals during the 12-month term.
Open from £1. Fixed rate gives certainty but access is very restricted.
Principality 1 Year Regular Saver Bond Issue 39 Fixed · 12 months
4.85%
£250
No partial withdrawals; account can be closed early under product terms.
UK resident aged 16+. Online or branch. £1 minimum and £3,000 deposit ceiling.
Leeds BS Regular Saver Issue 81 Variable · 24 months
4.45%
£250
1 withdrawal each calendar year without loss; further withdrawals can incur 30 days’ interest loss.
UK residents aged 18+. £100 minimum operating balance; up to £6,000 over 24 months.
Coventry BS Regular Saver 6 Variable · 12 months
4.00%
£500
Withdrawals allowed, but normally carry a charge equal to 30 days’ interest on the amount withdrawn.
UK resident aged 16+. Deposit month runs from your account-opening date rather than necessarily the calendar month.
Rates are not permanent. Progressive’s page states its 7.00% rate was correct on 14 September 2026. Principality’s current Issue 39 page states its 4.85% rate was correct on 2 July 2026. Other variable-rate products can also change after this review.

Why 6.50% AER Does Not Mean £156 Interest on £2,400

This catches many new regular savers. If you save £200 a month for one year, you eventually deposit £2,400, but the full £2,400 is not sitting in the account for all 12 months.

Your first £200 may earn interest for nearly the whole year. Your last £200 may earn interest for only a few weeks. That is why multiplying £2,400 by 6.50% gives the wrong answer.

Nationwide official illustration

Rate: 6.50% AER variable.

Monthly saving: £200.

Total deposits: £2,400.

Illustrated interest: £84.50 if the maximum is deposited on the first of every month, the rate does not change and no disqualifying withdrawals are made.

Leeds member official illustration

Rate: 6.50% AER variable.

Monthly saving: £250.

Total deposits: £3,000.

Illustrated interest: £89.38 under Leeds Building Society’s stated assumptions.

Progressive official illustration

Rate: 7.00% AER variable.

Monthly saving: £200.

Total deposits: £2,400.

Illustrated closing balance: £2,491.79 under Progressive’s stated assumptions, equivalent to £91.79 illustrated interest.

Coventry official illustration

Rate: 4.00% AER variable.

Monthly saving: £500.

Total deposits: £6,000.

Illustrated closing balance: £6,129.92 under Coventry’s assumptions, equivalent to £129.92 illustrated interest.

This is why the monthly cap matters. A lower-rate regular saver can produce more pounds of interest when it lets you deposit substantially more money. You can also split savings between more than one provider if you meet each account’s rules.

Progressive Building Society Online 1 Year Monthly Saver: 7.00%

Progressive Building Society’s Online 1 Year Monthly Saver Issue 1 is one of the highest-rate building society regular savers checked for this page. It pays 7.00% gross/AER variable and accepts up to £200 each calendar month.

Monthly limit Up to £200 per calendar month, giving a maximum £2,400 of deposits over 12 months.
Who can open it? Existing members and new customers aged 18+ who are resident in the UK.
Withdrawals Unlimited withdrawals are permitted, with one online withdrawal per day to the nominated account.
Important timing Progressive says monthly deposits must reach the account by the 25th of the month.
You cannot make up an unused monthly allowance later. If you save only £100 in one month, you cannot normally add the missing £100 to a future month’s £200 allowance.

Official ProgressiveProgressive Online 1 Year Monthly Saver Issue 1

After opening this link:

  1. Confirm the 7.00% rate is still displayed.
  2. Check the date shown next to the current interest rate.
  3. Read the £200 monthly funding rule and payment deadline.
  4. Read the distinction between making withdrawals and closing the account early.
  5. Save the Summary Box before applying because future issues may have different terms.

Nationwide Flex Regular Saver: 6.50% AER With a £200 Monthly Limit

Nationwide’s Flex Regular Saver currently pays 6.50% AER/gross variable for 12 months. The trade-off is that it is available only to qualifying Nationwide current-account customers and limits the amount you can add to £200 per calendar month.

Maximum saving Up to £200 each calendar month, or £2,400 of deposits if the maximum is used for all 12 months.
Withdrawal rule You can make up to 3 withdrawals without reducing the headline rate.
Fourth withdrawal A fourth withdrawal currently reduces the rate to 1.05% AER for the remainder of the term.
Maturity After 12 months, Nationwide moves the balance into an instant-access savings account and tells you the new rate.

Official NationwideNationwide Flex Regular Saver

After opening this link:

  1. Confirm you hold a qualifying Nationwide current account.
  2. Check the current issue number and live AER.
  3. Read the £200 monthly balance-increase rule.
  4. Check how Nationwide counts withdrawals.
  5. Read what happens if you make four or more withdrawals.
  6. Check the maturity account before allowing the balance to roll over automatically.

Leeds Building Society Member Regular Saver: 6.50% AER

Leeds Building Society’s Branch & Post Member Regular Saver currently pays 6.50% AER variable, but this is not a general new-customer offer. It is aimed at qualifying existing members.

Monthly limit Up to £250 a month, with a £3,000 maximum deposit over the 12-month period.
Membership condition You must meet the published continuous-membership requirement, currently dating from 31 December 2025.
Opening balance £100 minimum operating balance.
Access One withdrawal each calendar year without loss; further withdrawals can trigger a 30-day interest charge.

Official LeedsLeeds Branch & Post Member Regular Saver

After opening this link:

  1. Check the qualifying membership date before comparing the rate further.
  2. Confirm the live 6.50% variable rate.
  3. Read the £100 minimum and £250 monthly maximum.
  4. Check whether branch or postal opening is suitable for you.
  5. Read the withdrawal-charge wording before using this account for emergency savings.

Other Building Society Regular Savers Worth Comparing

Newcastle Building Society Regular Saver Issue 2 — 5.75% AER variable

Up to £250 per calendar month, 12-month regular saver, unlimited penalty-free withdrawals and transfers. Current account information shows branch application.

Skipton Building Society Member Regular Saver — 5.75% AER variable

Up to £250 per month. Requires at least 30 days of Skipton membership and does not permit normal withdrawals, though early closure is possible.

Skipton Building Society Regular Saver — 5.25% AER variable

Up to £200 per calendar month. The rate tracks Bank of England Bank Rate plus a stated margin for the 12-month term.

West Brom Fixed Rate Regular Saver Issue 8 — 5.00% AER

Up to £200 per calendar month. The rate is fixed for 12 months and normal withdrawals are not allowed during the term.

Principality 1 Year Regular Saver Bond Issue 39 — 4.85% AER fixed

Up to £250 per month and £3,000 in deposits. No partial withdrawals. The Society’s current terms allow early account closure.

Coventry Building Society Regular Saver 6 — 4.00% AER variable

Up to £500 in each account month. The higher monthly cap can matter more than the lower headline percentage for someone able to save larger amounts.

Official NewcastleNewcastle Building Society Regular Savers

After opening this link:

  1. Find Newcastle Regular Saver Issue 2.
  2. Confirm the current AER and £250 monthly limit.
  3. Read the withdrawal wording before opening.
  4. Check whether your preferred application method is currently available.

Official SkiptonCompare Skipton Regular Saver Accounts

After opening this link:

  1. Compare the Member Regular Saver with the standard Regular Saver.
  2. Check whether you meet the membership condition for the higher rate.
  3. Review how the rate tracks Bank of England Bank Rate.
  4. Check the monthly cap and no-withdrawal rule.

Official West BromWest Brom Regular Saver Accounts

After opening this link:

  1. Open the current Fixed Rate Regular Saver issue.
  2. Confirm its fixed AER and issue number.
  3. Check the £200 monthly funding cap.
  4. Make sure you can leave the money untouched for the term because normal withdrawals are not allowed.

Official PrincipalityPrincipality Regular Saver Accounts

After opening this link:

  1. Find the current 1 Year Regular Saver Bond.
  2. Check the current issue number and fixed AER.
  3. Read the £250 monthly cap and £3,000 maximum.
  4. Check the no-partial-withdrawal rule.
  5. Read the maturity instructions before applying.

Official CoventryCoventry Building Society Regular Saver 6

After opening this link:

  1. Confirm the current variable AER.
  2. Note that the £500 funding period is based on your account-opening date.
  3. Read the 30-day interest charge applying to withdrawals after the cooling-off period.
  4. Check the maturity account the money moves to after 12 months.

Monthly Limits: “£200 a Month” Does Not Always Mean the Same Thing

Before setting a standing order, check exactly how the provider defines a month. Some regular savers use a normal calendar month. Others use a monthly period based on the date you opened the account.

Calendar-month limit You usually get a fresh allowance on the first day of each calendar month. Nationwide and several other regular savers use this structure.
Account-month limit Coventry Regular Saver 6 currently measures the monthly allowance from the date the account opened to the day before the next monthly anniversary.
Payment deadline Progressive says deposits for its monthly saver must reach the account by the 25th of the month.
Unused allowance Do not assume an unused £100 from June can be added to July’s monthly maximum. Many accounts do not let you carry unused allowance forward.
Standing order tip: do not automatically schedule the payment for the final day allowed. Weekends, bank holidays and payment processing can cause money to arrive too late for that month’s allowance.

Withdrawal Rules Can Matter More Than a 0.5% Rate Difference

More flexible examples

  • Progressive: unlimited withdrawals, but full early closure is restricted after the cooling-off period.
  • Newcastle: current Regular Saver Issue 2 allows unlimited penalty-free withdrawals and transfers.
  • Nationwide: three withdrawals are allowed before the headline rate is affected.

More restrictive examples

  • West Brom: no withdrawals from its current fixed regular saver during the term.
  • Skipton: no normal withdrawals from current adult regular saver products; early closure can be possible.
  • Principality: no partial withdrawals from the current one-year regular saver bond.
If this money is your emergency fund, an account with a slightly lower rate and practical access may be more useful than a higher-rate saver that prevents or penalises withdrawals.

Fixed vs Variable Regular Saver Rates

Fixed rate

The rate is locked for the specified term. West Brom’s current Fixed Rate Regular Saver and Principality’s current 1 Year Regular Saver Bond are examples.

  • Interest rate certainty.
  • No benefit if new regular saver rates rise.
  • Access can be restrictive.
  • Useful when you want a predictable rate for the whole saving period.

Variable rate

The provider can change the rate under the account terms. Nationwide, Progressive, Newcastle, Coventry and Leeds’ regular saver products reviewed here use variable rates.

  • Rate can rise or fall.
  • Some products track Bank Rate directly.
  • Provider must follow its notice rules.
  • Headline AER today may not be the AER throughout the term.

Can You Open More Than One Regular Saver?

Usually, holding a regular saver with one building society does not stop you opening another regular saver with a different provider. The restriction is normally within the individual provider or product range.

For example, a provider may say you can hold only one account from its regular saver range, while another provider may permit one account per issue. Eligibility, membership and identity checks still apply separately.

Why people use more than one: if one regular saver accepts only £200 a month and you can save £500, you could potentially put £200 into the first account and compare another suitable home for the remaining £300 instead of leaving it in a low-paying current account.

What Happens If You Miss a Month?

There is no universal rule. Some current regular savers do not require you to deposit every month. Others may reduce the rate, restrict future catch-up payments or have product-specific funding requirements.

Do not assume you can catch up A missed £200 deposit in one month does not necessarily let you pay £400 the following month.
Check minimum payment Some accounts have no compulsory monthly minimum after opening, while others expect a regular payment pattern.
Check rate penalties Some regular savers reduce the rate after missed payments or excessive withdrawals.
Use a standing order carefully Set the payment early enough to meet the provider’s monthly cut-off rather than assuming Faster Payments always arrive in time.

Do You Pay Tax on Regular Saver Interest?

Most regular saver accounts are ordinary taxable savings accounts, not Cash ISAs. Interest is normally paid gross, meaning the provider does not deduct income tax first.

For the 2026/27 tax year, the Personal Savings Allowance remains £1,000 for basic-rate taxpayers and £500 for higher-rate taxpayers. Your own tax position depends on your total taxable savings interest and other circumstances.

A high regular saver rate does not automatically create a large tax bill because the balance builds gradually. However, interest from your regular saver is added to interest from other taxable savings when considering your allowance.

Official tax guidanceGOV.UK Personal Savings Allowance Rates

After opening this link:

  1. Find the Personal Savings Allowance section.
  2. Check the allowance for the 2026/27 tax year.
  3. Use your own tax band rather than assuming the £1,000 figure applies to everyone.
  4. If your position is complicated, use HMRC guidance or appropriate professional tax advice.

Are Building Society Regular Saver Accounts FSCS Protected?

Eligible deposits with UK-authorised banks, building societies and credit unions are currently protected by the Financial Services Compensation Scheme up to £120,000 per eligible person, per authorised firm.

The limit increased from £85,000 to £120,000 on 1 December 2025. The key phrase is per authorised firm, not per account. Several accounts or brands can sometimes share one banking licence.

£120,000 Current standard eligible-deposit protection per person, per authorised firm.
£240,000 Potential standard protection for a qualifying two-person joint account where each person has their own entitlement.
£1.4m Potential temporary high-balance protection for qualifying major life events, subject to FSCS rules.

Official FSCSCheck the Current FSCS Deposit Protection Limit

After opening this link:

  1. Confirm the current standard deposit-protection limit.
  2. Read how the limit works per eligible person and per authorised firm.
  3. If you hold money with more than one brand, check whether they share a banking licence.
  4. Use the FSCS protection checker when your combined savings are close to the limit.

How to Compare Two Regular Savers Properly

Compare AER.
Check fixed or variable rate.
Check maximum monthly payment.
Check minimum monthly payment.
Check whether unused allowance can roll forward.
Check calendar month vs account month.
Read withdrawal restrictions.
Read early-closure rules.
Check membership eligibility.
Check application channel.
Check what happens at maturity.
Save the Summary Box when opening.

Which Type of Saver Are You?

Saving £50–£200 monthly Headline rate matters more

You may be able to use the full monthly allowance of a high-rate £200-cap account such as Progressive or Nationwide, subject to eligibility.

Saving £250 monthly More societies become comparable

Leeds member, Newcastle, Skipton member and Principality are examples of products with a £250 monthly maximum.

Saving £500 monthly Monthly cap becomes critical

A £200-cap account leaves £300 each month needing another home. Coventry currently accepts up to £500 per account month, albeit at a lower AER.

Need emergency access Do not chase a locked rate blindly

Compare Newcastle, Progressive or another accessible account rather than putting emergency cash into a product that prevents normal withdrawals.

Already a society member Check loyalty rates first

Member regular savers can pay more than the provider’s standard product, but qualifying dates matter.

Want certainty Consider a fixed regular saver

West Brom and Principality currently offer fixed-rate regular saving structures, but access is more restrictive.

Common Regular Saver Mistakes

Multiplying the final balance by the AER Your full year’s contributions are not invested for the full year, so this overstates expected interest.
Ignoring the monthly cap A very high rate on £200 a month can produce fewer pounds of interest than a lower rate on a much larger monthly contribution.
Missing a membership rule A headline loyalty or member rate may be unavailable to a new customer.
Using emergency money A fixed regular saver may offer no normal withdrawals during the term.
Paying too late in the month The provider may count a late payment against the next month’s allowance.
Ignoring maturity A high-rate regular saver can automatically move into a substantially lower-paying account after 12 months.

Related Building-Society.org Savings Guides

Nationwide Building Society Savings Rates 2026 Coventry Building Society Savings Rates 2026 Yorkshire Building Society Savings Rates 2026 Leeds Building Society: Savings, Mortgages & Account Help

Rate Review and Editorial Checks

Progressive live 7.00% product checked.
Nationwide Flex Regular Saver checked.
Leeds member regular saver checked.
Leeds standard Regular Saver checked.
Newcastle regular saver range checked.
Skipton regular saver range checked.
West Brom regular saver range checked.
Principality current regular saver checked.
Coventry Regular Saver 6 checked.
2026/27 Personal Savings Allowance checked.
Current £120,000 FSCS limit checked.
Monthly limits and access rules reviewed separately from headline rate.

Review date: 22 September 2026. Regular saver accounts are particularly prone to issue changes and withdrawals from sale, so the provider’s live Summary Box remains the controlling source.

Independent Savings Information Notice

Building-society.org is an independent informational website. It is not Nationwide, Progressive Building Society, Leeds Building Society, Newcastle Building Society, Skipton Building Society, West Brom, Principality, Coventry Building Society, HM Revenue & Customs or the Financial Services Compensation Scheme.

This guide provides general savings information, not personalised financial or tax advice. Rates, eligibility, monthly contribution limits, withdrawal rules, maturity arrangements and tax treatment can change.

Before depositing money: open the provider’s official product page, confirm the current issue and AER, read the Summary Box and terms, and check what happens if you miss a payment, exceed the monthly limit, withdraw early or do nothing at maturity.

Building Society Regular Saver Accounts FAQs

1. What is the highest building society regular saver rate in this September 2026 comparison?

Among the building society products checked for this guide, Progressive Building Society’s Online 1 Year Monthly Saver Issue 1 displayed 7.00% gross/AER variable, with a £200 monthly limit. Rates can change, so confirm the live product page before applying.

2. Which building society regular saver pays 6.50%?

Nationwide Flex Regular Saver currently pays 6.50% AER variable for eligible current-account customers with a £200 monthly limit. Leeds Building Society’s qualifying Branch & Post Member Regular Saver also currently pays 6.50% AER variable and accepts up to £250 a month.

3. How much can I pay into a regular saver each month?

It depends on the account. Examples reviewed here range from £200 per month at Progressive, Nationwide, Skipton’s standard Regular Saver and West Brom’s fixed regular saver, to £250 at several Leeds, Newcastle, Skipton and Principality accounts, and £500 per account month at Coventry Regular Saver 6.

4. Why do I earn less interest than the headline AER multiplied by my yearly deposits?

Because you add the money gradually. Your first monthly payment earns interest for much longer than your final monthly payment. Nationwide’s own current illustration shows £2,400 of maximum annual deposits at 6.50% producing about £84.50 interest under its stated assumptions, rather than £156.

5. Can I have more than one regular saver account?

Often yes, especially with different providers, but each building society can limit how many of its own regular saver products you may hold. Check each provider’s eligibility and product-holding rules before opening another account.

6. What happens if I miss a monthly regular saver payment?

The rule varies. Some accounts let you skip a month, while others can reduce your rate or prevent you making up the missed allowance later. Never assume you can double the next month’s payment; read the individual account terms.

7. Can I withdraw money from a building society regular saver?

Some allow flexible access, while others impose an interest penalty, limit the number of withdrawals or prohibit normal withdrawals entirely. For example, Newcastle’s current Regular Saver Issue 2 permits unlimited penalty-free withdrawals, while West Brom’s current fixed regular saver does not allow withdrawals during the term.

8. Are regular saver rates fixed?

Not always. Progressive, Nationwide, Newcastle, Coventry, Leeds and current Skipton regular saver products reviewed here use variable rates. West Brom’s Fixed Rate Regular Saver and Principality’s 1 Year Regular Saver Bond currently use fixed rates.

9. Do I pay tax on regular saver interest?

Regular saver interest is generally taxable unless the account has specific tax-free status. For 2026/27, the Personal Savings Allowance is £1,000 for basic-rate taxpayers and £500 for higher-rate taxpayers. Your own tax position depends on your total savings income and circumstances.

10. How much FSCS protection applies to building society savings in 2026?

The current standard FSCS deposit-protection limit is £120,000 per eligible person, per authorised firm. The limit applies across eligible deposits held with the same authorised institution, not separately to every account.

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