12 Month Fixed Rate Members' Regular Saver (Issue 2)

A great rate of interest, with the convenience of regular saving and immediate access to your funds without penalty.

Product Details

  • Available to all customers in branch for a limited time only or to Saffron Building Society members. Please click here for our definition of member.
    Ask a member of staff or contact us on 0800 072 1100 for further information; alternatively download an application pack.
  • Open with an amount between £10 and £200 by post or in one of our branches.
  • 12 monthly payments of up to £200 are permitted until the end of the term.
  • Deposit by cash, cheque or transfer from another bank or Society account.
  • Should you require access to your funds during the term you can do so immediately and without penalty.
  • Your interest will be paid at maturity.
current rates | previous rates
Deposit Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
£10 or over 4.00% 3.20%

current rates valid from 13 August 2011

Deposit Gross p.a. / AER* Net p.a.(after deduction of basic rate tax)
£10 or over 4.00% 3.20%

previous rates valid from to and refer to the previous issue of the account

* 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

  • To be a Saffron Building Society member you must have held a minimum of £100 with the Society for 12 months or more in a personal savings account. Members also include our mortgage customers with over £100 on loan.
  • Shortly before the end of the 12 month term, we'll get in touch to ask what you would like to do with your funds.
  • If we do not receive any instructions from you prior to maturity, your account will automatically switch to a variable rate Maturity Cashbuild account
  • There are no age limits for this account. However, for children under seven years old, a parent or guardian must act as a signatory on the account and the applicant must complete a Young Savers application form.
  • You may only have one Regular Saver at a time (includes all issues). Joint accounts are permitted.
  • The minimum balance for this account is £10.
  • 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 Your Savings Terms and Conditions and Things You Need to Know leaflets before applying for this account.

Not what you're looking for?

This product is no longer available to new customers