15 June 2009
New business e-saver offers good returns for companies large and small
Saffron Building Society, the regional mutual serving East Anglia, today announces the launch of a new business e-saver, aimed at giving local businesses a better return on their deposits.
The business e-saver account launches with a rate of 1.50% (gross/AER p.a.), offering instant access to funds, online management, and a personal account manager to support account-holders through the life of their investment.
Christian Draper, Retail Operations Manager said: "With savings rates low across the board, we wanted to help local businesses get better returns. This account is ideal for surplus funds that businesses don't want to lock away, and the online operation allows them to manage their savings without taking time out to visit a branch".
Andy Golding, Saffron's Chief Executive, said: "As a regional mutual, we recognise how important local businesses are to the communities we serve. Our competitive business e-saver account builds on our commitment to supporting businesses in our area."
"We try to use local suppliers wherever possible - using providers that we both know and trust - and hope that local businesses will share this attitude and come to us to enjoy better returns on their investments."
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