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 A
Regular saving account is designed to help the customer
save money regularly. It is good practise for people to
save money regularly as you get into the "habbit"
of doing so.
Regular savings accounts are set up with money usually coming
from a direct debit or standing order from their bank account
that takes a certain ammount of money that you specify each
month to be transfered. You are able to change this amount,
such as increase it if you are able to afford more money
to go into savings.
As
you are saving regular, you are usually given a higher rate
of interest on your savings than you would on an ordinary
saving account.
The
benefits of regular savings are that although the ammounts
you may be saving aren't huge, over time they will build
up. For example, if you book a holiday, instead of leaving
it to the last month or so before you go to sort money why
not put money away all year round and that may be able to
cover or pay for it!
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to Saving Account
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