e-saver account (Issue 10)

e-saver brings your savings online in a clear and simple format. You can log in to view your account whenever you like and have easy access to your money.

Product Details

  • Open online** at www.saffronbs.co.uk.
  • Open with a minimum of £10 (a minimum balance of £10 must be maintained).
  • You can open your account by internal transfer from another Saffron account or electronically from your bank (e.g. standing order).
  • You can make regular monthly payments or one-off payments into your account electronically from your bank (e.g. standing order).
  • Easy access and no penalties for withdrawals.
  • You can transfer money out to another Saffron account or electronically to your bank.
  • Access is online** at www.saffronbs.co.uk.
  • Your interest can be paid monthly or annually and added to your account. Annual interest is paid on all credit balances annually on 31 December; monthly interest is paid on all credit balances on the last day of each month.

** Minimum system requirements apply. Please see our Online Account Terms & Conditions for more information.

current rates | previous rates
£10 or over Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
Annual Income 1.10% 0.88%
Monthly Income 1.09%/1.10% 0.87%

current rates valid from 5 March 2014

£500 or over Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
Annual Income 1.25% 1.00%
Monthly Income 1.24%/1.25% 0.99%

previous rates valid from 15 March 2013 to 4 March 2014

* 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.

Important Product Information

  • Maximum balance of £500,000.
  • You must be 16 or over to open this account.
  • Transactions can only be made online.
  • If your account falls below the minimum balance amount, you will earn a fixed rate of 0.05% gross p.a./AER* whilst the account is below the minimum balance.
  • Please make sure you've read the Online Account Terms and Conditions and Things You Need to Know leaflets before applying for this account.

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