Goal Saver account (Issue 2)
The Goal Saver account accompanies Saffron Moneytree and offers the convenience of online access with a competitive rate of interest. To open a Goal Saver account you need to complete the process of setting up Saving Goals on Saffron Moneytree.
| Summary Box Key Product Information for our Savings Accounts |
|
|---|---|
| Account name | Goal Saver account (Issue 2) |
| Interest rates (AERs) | 2.65% variable |
| 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 £10 withdrawal |
| Access | Easy access online 24/7 * |
- Open with a minimum of £10 (a minimum balance of £10 must be maintained). This is per goal as each goal opens a separate Goal Saver account
- Maximum investment of £2,000,000 for joint accounts and £1,000,000 for sole accounts. Both of these figures include all Goal Saver sub accounts opened
- 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.
- You must be 16 or over to open this 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.
current rates | previous rates
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £10 | £2,000,000 | 2.65 | 2.12 |
current rates valid from 5 August 2010
| Minimum investment | Maximum investment | Gross p.a. / aer % | Net p.a. % (after deduction of basic rate tax) |
| £10 | £2,000,000 | 2.25 | 1.80 |
previous rates valid from 20 January 2010 to 4 August 2010
