UK banks offer up to 7% on savings accounts

Several regular savings accounts are currently offering interest rates up to 7% for savers. These accounts are designed to encourage a savings habit by rewarding monthly contributions. First Direct offers a 7% regular saver, allowing up to £300 monthly deposits, while Nationwide provides a 6.5% account with multiple withdrawals. Other options include Coventry's 5.5% account with perks and Aldermore's 5% account with unlimited withdrawals. These accounts typically require regular monthly deposits, with interest accruing on each installment. They are often best suited for those looking to build a savings habit rather than for lump-sum investments.