What is a regular savings account?

This short video covers everything you need to know about regular savings accounts, where you can boost your interest rate by putting money aside each month.

[Dynasty]

It's a fantastic way for banks to take your money, add it to their assets and use it to purchase chunks of money for loans and mortgages, invest it elsewhere etc for big returns, and offer you basically the square root of nada in return. "Hey, give us 20 grand, we'll give you 100 quid a year. Pennies make pounds after all right? Meanwhile we'll be taking your 20 grand and using it to hedge bets, call shorts, be chaotic and greedy with it and make way more than we give you, ha ha, sucker."

[katehillier]

Savings rates are so bad better under the mattress.

[paulcoverdale]

It tends to be a crap interest account