There are other options out there when it comes to regular savers – something which Ms Springall addressed.
“Yorkshire Building Society has a loyalty regular saver for its existing customers paying 3.50 percent AER variable, a great rate for its loyal members who have been with the mutual since January 2020,” she said.
“Those savers who do not have a relationship with those providers could instead find West Brom BS offering a two percent AER fixed branch saver and a deal from Coventry BS paying 1.05 percent AER variable which is available to online, in branch, by post or over the phone.”
Regular savings accounts may not suit everyone, for a wealth of reasons.
As such, it may be they explore other options.