26 July 2010
Saffron Building Society announces new fixed rate cash ISA
Two year fixed term, 3.00% gross p.a./AER*
Saffron Building Society, the regional mutual serving East Anglia, today announces the launch of a new two year fixed term, fixed rate cash ISA, paying 3.00% gross p.a./AER.
Savers are able to transfer in from previous years' ISA savings, as well as investing this year's allowance of up to £5,100. Further funds may not be added to the account once opened. The new fixed rate ISA is available to new and existing members by calling 0800 072 1100 or visiting www.saffronbs.co.uk/savings.
John Eastgate, Sales & Marketing Director of Saffron Building Society, comments, "Continuing low interest rates mean it is more important than ever for consumers to take advantage of the tax efficient savings from their annual ISA allowance. At Saffron, we are continually reviewing our product range to ensure we offer members ISA products that provide a simple way of getting good returns on savings."
* 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.
All offers are limited and Saffron Building Society reserves the right to withdraw product offers.
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