4 September 2009
Saffron launches competitive Three Year Fixed Rate ISA
Saffron Building Society, the regional mutual serving East Anglia, today announces the launch of its new Three Year Fixed Rate ISA, paying a competitive 4.40% (gross.p.a./AER).
This rate will place Saffron's new ISA amongst the highest-paying medium term investment opportunities available. The ISA is open to all investments of over £15,000 for both new and existing Saffron customers.
Those turning 50 before 5th April 2010 will also be permitted to top-up their 2009/10 ISA allowance from 6th October 2009 to ensure they enjoy their full entitlement to £5100 of tax-free saving in this tax year.
Sales and Marketing Director John Eastgate said:
"With interest rates stabilising at an unprecedented low, we recognise that diligent savers are not enjoying the returns that they may have hoped for. This 4.40% Three Year Fixed Rate ISA is designed to benefit those who have been adding to their ISAs year-on-year and are now looking for a better rate.
"Saffron are constantly working to meet the needs of savers, and we feel that this product represents a sound alternative to moving an ISA every year in the search for a good return."
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