Video - Saving Regularly
What are regular savings?
Saving is easy once you get into the habit. The hard bit is getting started.
One way to get your savings working is to set up a regular payment from your current account into a savings account. This way, you'll automatically add a little bit each month, making it much easier to keep track of your savings.
As your savings build up, they’ll grow faster– even if you’re only paying in the same regular amount. This is because with most savings accounts the interest on your savings also generates its own interest.
This interest-on-interest is called compound interest, and long-term it makes a big difference to your savings balance.
Some savings accounts have minimum and maximum monthly payments, or other restrictions. Make sure you pick one that meets your needs.
Always read the terms and conditions before you choose a savings account to make sure it’s right for you.
Ready to start saving?Choose a savings account
Fixed rate products are linked to market rates at the time of issue. Future fixed rate products may be offered at higher or lower rates depending upon changes in market conditions.
This guide is intended as a summary only and does not constitute financial or legal advice given by Leeds Building Society. No reliance should be placed on this guide and you must make your own decisions, we recommend that you seek legal and/or financial advice if you have any questions or queries.