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One Year Fixed Rate Maturity Bond

Our One Year Fixed Rate Maturity Bond allows you to re-invest a lump sum from a Saffron account that has reached the end of its term for a further year with a fixed interest rate.

This account can be withdrawn at any time.

You can select this account online:

To switch to this product when your existing Saffron account has matured, you can do this on the mobile app or internet banking. Login to your account, click on the ‘View Account’ button next to the relevant account and then select ‘Set Maturity Instruction’. You can do this up to 14 days before the maturity date of your existing product.

Perfect if you...

    • Want to store away your savings for a fixed term
    • Want to have a fixed rate of interest
    • Have a lump sum deposit

Just remember...

  • The account can only be opened with funds from a maturing fixed term Saffron Building Society account
  • You will need a minimum deposit of £500
  • You must be a UK resident aged 16 or over

Summary box

Where the Savings Terms & Conditions are inconsistent with the account-specific rules and criteria, these account-specific rules and criteria will apply and will take priority.

  1. The maximum number of joint holders is two. Where there are multiple account holders any one account holder may operate the account (subject to withdrawal instructions on application form)

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