MoneySavingExpert News

Regular savings

First Direct doubles interest on regular saver to 7% – here's how to get the new rate

First Direct is doubling the interest rate on its regular savings account from 3.5% to 7% on Thursday 1 December. It's the highest rate we've seen on this type of account since 2012. But there are a few catches – here's what you need to know.

29 November 2022

Chip to charge for autosaving in October - but free alternatives are available

Savings app Chip will start charging customers with its standard free account for certain features, including its popular 'auto-saving' function, from 12 October 2022. Below we explain what's happening and the alternative accounts to consider.

5 September 2022

HSBC and First Direct cut regular savings rates to 1%

HSBC and First Direct have cut the interest paid on their regular savings accounts from 2.75% to 1% for new customers

24 November 2020

Is HSBC about to slash its regular saver to 1%? Fears sparked after customers sent wrong welcome packs

HSBC has raised fresh fears that it could be about to slash the interest rate on its regular savings account after accidentally sending emails to customers showing a reduced rate of just 1%, MoneySavingExpert.com can reveal

18 November 2020

Bank with M&S, HSBC or First Direct? Urgently open its regular saver

M&S Bank is closing its 2.75% AER regular saver account to new customers next week

13 November 2020

Yorkshire Building Society axes high-interest regular savings accounts

Yorkshire Building Society is shutting 66,000 high-interest regular savings accounts in December

13 October 2017

Car giant Ford gears up to launch market-leading regular savings

New savings provider Ford Money, owned by the US car manufacturer, is turning its focus to regular savings

18 May 2017

M&S, HSBC and First Direct cutting interest on regular savings accounts to 5%

Market-leading regular savers are cutting their headline rates for new customers - but you could still lock in at 6%

29 September 2016

Santander slashes savings rates amid ongoing 123 speculation

Rates on two different Santander products have been cut this week as customers continue to wonder if more are to come

3 August 2016

Three savings tricks to boost your returns

Savings rates are dismal so you should act now to double, treble or even quadruple the interest you earn

22 July 2015