e-saver 55-plus account (Issue 2)

An exclusive account for savers aged 55 or over - online access and a high interest rate (Bank of England Base Rate + a minimum of 0.80%), guaranteed until 31 December 2012. Straightforward, easy to access and no hidden gimmicks.

Summary of the key product features for this account

Summary Box Key Product Information for our Savings Accounts
Account name	e-saver 55-plus account (Issue 2)
Interest rates (AERs)	Annual interest option 2.30% variable Guaranteed to track the Bank of England Base Rate + a minimum of 0.80% until 2012 Monthly interest option 2.30% variable Guaranteed to track the Bank of England Base Rate + a minimum of 0.80% until 2012
Tax status	Interest is paid net of tax unless you have registered an R85 form
Conditions for bonus payment	There is no bonus payment for this account
Withdrawal arrangements	Minimum £100 withdrawal
Access	Easy access online 24/7 *

• Open with a minimum of £1,000
• Maximum investment of £1,000,000
• You can open your account by internal transfer from another Saffron account or electronically from your bank (e.g. direct debit or standing order)
• You can make regular monthly payments or one-off payments into your account electronically from your bank (e.g.direct debits or standing order)
• You can transfer money out to another Saffron account or electronically to your bank.
• Other withdrawals/transfers are subject to a minimum amount of £100

• Interest can be paid monthly or annually **
• You can have only one e-saver 55-plus
• e-saver 55-plus is only available as a sole name account

* Whilst we aim to provide 24 hour access to your accounts this service may very occasionally be reduced, for example when improvements / updates are made to the site.

** Annual interest is paid on all credit balances annually on 31st December and Monthly interest is paid on all credit balances on the last day of each month. Interest is added to your account.

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