10 January 2011
Saffron to offer fixed rate savings product nationwide
Saffron Building Society, the regional building society serving East Anglia, today extends its national savings range by making its fixed rate regular savings product available on a national basis.
The product, which has previously been available in branch only, is now open to new and existing members nationwide by calling 0800 072 1100. It can still also be opened by visiting a Saffron branch. Savers will require a minimum investment of £10 and you can save a maximum of £200 per month. Access is permitted during the term of the investment and is without penalty.
Product details:
| Rates at a glance- Annual Income | ||
|---|---|---|
| Investment | Gross p.a./AER* | Net |
| £10 or over | 4.00% fixed | 3.20% |
Saffron is encouraging new and existing members to ensure they save to achieve their financial goals in 2011. Saffron offers a number of goal-based saving products and services to help people save for what they want:
Goal Saver
Saffron Building Society offers Saffron Moneytree to help members work out how much they can afford to save each month. The service is linked to Saffron's Goal Saver account which pays 2.25% (AER) variable interest and offers instant access with a minimum balance of £10 and a maximum £1,000,000.
Wedding and Car Saver
Saffron Building Society offers dedicated Wedding Saver and Car Saver accounts through its savings services at www.plansaveget.saffronbs.co.uk. The accounts also pay 2.25% (AER) variable interest and offers instant access with a minimum balance of £10 and a maximum £1,000,000.
John Eastgate, Sales and Marketing Director of Saffron Building Society, comments,
"The regular saver product is a great option for those who don't want to commit to a bond or long notice period but still want to earn a good rate of interest and have immediate access to their money. Many of us can't be certain that we won't need to dip in to our savings at some point.
"We encourage our members to save towards their goals, whether that is a new car, a dream holiday or a great wedding. Saffron is dedicated to continually reviewing its product range to ensure we are offering members great savings products from a provider they can trust."
* The gross rate is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates the contractual rate (excluding any bonus interest payable) as if paid and compounded on an annual basis.
This is a limited offer and Saffron Building Society reserves the right to withdraw product offers.
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