15 July 2010
Saffron Building Society launches new fixed rate savings product
Saffron Building Society, the regional building society serving East Anglia, today extended its savings range with the launch of a new fixed rate regular savings product.
The new product is available to new and existing members and is available immediately by calling 0800 072 1100, going to www.saffronbs.co.uk or visiting a Saffron branch.
Product details:
| Rates at a glance- Annual Income | ||
|---|---|---|
| Investment | Gross p.a./AER* | Net |
| £10 or over | 4.00% | 3.20% |
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
John Eastgate, Sales & Marketing Director of Saffron Building Society, comments, "This savings 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 in the coming months - especially with summer and holidays underway.
"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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