Building societies offer most consistent savings accounts

October 2009's Moneyfacts Consistency Survey has once again seen building societies dominating the results. Today, building societies offer customers 77% of the most consistent savings accounts in the marketplace.

Louise Holmes, spokesperson at Moneyfacts.co.uk commented: "Once again, building societies have come out on top in the Moneyfacts Consistency tables.

"Savers have experienced a tough time recently and have found it difficult to find or rely on an account paying a consistently good rate. Many building societies appear to be listening to customer's needs by keeping rates at consistent levels.

"While some savers are happy to move their funds to achieve higher returns, many don't have enough time or simply do not want to keep moving accounts. These findings prove that savers feel most comfortable placing their hard-earned cash in an account that continues to pay a consistently good rate of interest, rather than one where a top rate is paid one minute and withdrawn the next."