Finding the savings account to suit you

When it comes to saving money, finding a provider that offers both flexibility and strong customer incentives can make a big difference.

Progressive Building Society offers a broad range of savings products that aim to meet a variety of financial goals - whether you’re putting aside funds for a rainy day, saving for your first home, or building a nest egg for your children.

Options are grouped into Instant Access, Regular Savers, Bonds, Cash ISAs and Children’s accounts. Eligible deposits are protected by the UK Financial Services Compensation Scheme (FSCS) up to £85,000.

What to consider before you choose

• Access V rate

Instant Access prioritises flexibility; Bonds and some Regular Savers trade access for a known return.

• How you’ll save

Pick Regular Savers if you’ll add monthly; Bonds if you have a lump sum.

• Tax position

If you’ve used up your Personal Savings Allowance or want tax-free growth, consider a Cash ISA (or a Junior ISA for children).

Saving options:

Instant Access: flexibility first

If you want to keep your money close at hand, Progressive’s instant access accounts are built for frequent withdrawals. They pay variable interest (credited annually) and let you dip in and out whenever you need to, making them a good fit for emergency funds or everyday savers who prize flexibility.

Regular Savers: build the habit

Regular saver accounts encourage monthly saving over a longer period. They typically come with limited access and variable rates - useful if you’re trying to create a saving routine without locking money away for years.

First Home Saver (+ £500 mortgage cashback)

If you're a first-time buyer, the First Home Saver account is a standout product. It not only helps you save for a deposit, but Progressive will also give you £500 cashback if you go on to take out your mortgage with them.

Bonds: park a lump sum

For savers with a lump sum who want certainty, Progressive’s bonds provide straightforward saving over a fixed term. Options span different lengths -including products that pay a monthly income - so you can match the term to your timeframe. As with all fixed-term deals, access is restricted, which is the trade-off for a set rate over the period.

Cash ISAs: keep the interest tax-free

Progressive’s range of Cash ISAs lets you earn interest without paying tax on it. There are choices for savers who want instant access as well as products for those happy to lock funds for a period. Transfers from other providers are supported - Progressive sets out the forms you’ll need and how to prove your identity to move an existing ISA. (Junior ISAs are available under Children’s accounts.)

Children’s accounts: start early, build the habit

To help families save for the future, Progressive offers accounts designed for children, from everyday savings to a Junior ISA. These products are positioned to make starting small and saving regularly feel easy - useful for gifts, pocket-money saving, or longer-term goals like further education.