Saffron launches competitive Regular Saver Cash ISA

Saffron Building Society has extended its national savings range by launching a new competitive 12 Month Fixed Rate Regular Saver Cash ISA, paying 4.00% gross p.a./AER.

The product is available now to Saffron’s new and existing members by post or through one of Saffron’s branches until 30 April. Savers will require a minimum deposit of £10 and a maximum opening deposit of £470, and can save up to £470 per month. Immediate access is permitted during the full term of the investment and is without penalty.

Withdrawn funds can be re-deposited as long as all payments made into the account do not collectively exceed £470 during that month.

John Eastgate, sales and marketing director at Saffron Building Society, comments: “In expanding our savings range, we want to help savers make the most out of this year’s increased, tax free cash ISA allowance of £5,640. The regular saver cash ISA is a great option for those not wishing to commit to products for long periods of time, but still wanting to earn an excellent rate of interest and have immediate access to their money. It is also a good way to get into the savings habit if you do not have a big lump sum to put away; setting aside a modest amount each month can soon build up. ”

More information on Saffron Building Society’s savings products can be found at saffronbs.co.uk/savings/