Regular Saver Accounts

If you’re aged 16 or over and are looking to save monthly whilst collecting interest on your savings over a set term, a Furness Building Society Regular Saver could be your match.

The advantage of a Regular Saver is that it not only helps get you into the savings habit, but you also earn interest on your monthly savings. By opening an account with us, you’ll also benefit from the following:

• Enjoy flexible savings limits
• Start saving from £1
• Make regular monthly deposits
• You don't want regular access to your savings (but may need to make one withdrawal in a 12 month period)

However, if you’re looking to lock away a lump sum over a fixed term then a Fixed Rate Bond or Fixed Rate ISA may be a better fit.  For easy access account options, take a look at our Everyday Savings or Cash ISA.

You can only open one Regular Saver account. 

It can also be quite beneficial to open more than one type of savings account, such as an Everyday Saver in addition to your Regular Saver. This can help you manage your money and save towards both long and short-term goals simultaneously. 

You can view our Regular Saver rates and compare all our monthly savings accounts above. More information about our rates can also be found on our interest rates page.

A savings account is perfect for saving up a small amount of money and working towards a short-term goal, as it’s unlikely you'll go over your personal savings allowance. However, if you have a lump sum to save, perhaps consider opening an ISA instead. An ISA comes with a tax-free allowance, making it more suitable for larger savings goals.

Our Regular Saver Accounts allow one withdrawal to be made within the account’s term. 

So, for example, with a 1-Year Regular Saver, you can make one withdrawal within a year of opening the account. If more than one withdrawal is required, we’ll transfer your balance into an access account and the relevant terms and conditions and interest rate will apply.