High interest savings accounts are popular in the UK due to the fierce competition levels within the UK banking industry.
There is pressure to provide UK customers with both flexible and innovative options with better features as well as providing higher interest rates.
In most cases the best high interest regular savings accounts in the UK are usually offered by banks that have a strong online presence.
Obviously, most people prefer to have an online account as it makes banking transactions simpler and 
faster. The level of competition amongst the online banks is very strong which is one of the reasons why they offer some of the highest interest rates in the industry.
The UK has one of the best online savings cultures in Europe
The UK has one of the best Household savings to income rates in Europe at around 6%. It lags Germany in this regard but comes well ahead of both the United States and Canada. Britain is a nation that is obsessed with bricks and mortar but it is encouraging and no doubt helped by the competitive online saving sector to see the nation one of the best in Europe for saving.
The Popularity Of High Interest Savings Accounts In The UK
These accounts often offer several innovative features. Examples of this innovation include things like extra interest in the case of no withdrawals or depending on how much control you need over the savings on deposit in your account you can also select a savings account which will
either allow you limited withdrawals or will allow you withdrawals at any time completely free of penalty charge.
Selecting the right best high interest savings accounts is important as you should receive the best possible service as well as the best possible interest rates.
Some of the best known finance companies and banks offering regular online high interest savings account UK are the Yorkshire, Barnsley and Coventry Building Societies, the Post Office, Santander, Halifax and ING Direct.
