31 January 2010
Saffron boosts rate on Charity Tracker account
Saffron Building Society, the regional building society serving East Anglia, today announces that it will be boosting the rate on its Charity Tracker account.
The rate boost takes the savings rate to 1.5% gross AER / p.a and is available to both new and existing charity savings accounts. It is also guaranteed to remain 1% above the base rate until 31 December 2010
The account, designed specifically for charities, can be opened with a minimum of £500 and has a maximum investment of £1,000,000. Interest is paid annually on 31 December and credited directly to the charity's account.
Sales and Marketing Director John Eastgate said: "Saffron appreciates all the hard work charities do and because of this we want to continue to offer them competitive products that can help them save. It's our hope that the Charity Tracker will encourage charities to place their funds with a local mutual which has a long history of supporting groups within our community".
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