Scarborough re-launches popular savings account

Scarborough Building Society is encouraging people to plan early for Christmas 2008, and avoid borrowing to pay for it.

The Society is re-launching its popular Christmas Saver account for 2008 – at attractive interest rates of up to 6.00%, per annum AER.

Launching on Monday, Christmas Saver 2008 is available exclusively through Scarborough’s branch network.

It offers interest of 6.00% to existing customers, or 5.75% for new members, with the added incentive of a £5 credit to kickstart their savings.

Last year, Scarborough was one of the first providers to offer a dedicated Christmas savings account, to provide people with a safe haven for their festive savings in the wake of a high profile Christmas hamper club collapse.

And we are bringing it back by popular demand for the coming year.

Scarborough’s Head of Group Marketing, Dave Wormall, said: ‘As a responsible, mutual organisation, we launched the Christmas Saver account last year in direct response to a real and growing social need.

‘And, with a healthy number of accounts opened since then, it is nice to think that there are now so many families looking forward to a worry-free Christmas after stashing away a few pounds every month.’

He added: ‘With growing public awareness of the importance of saving and managing personal debt responsibly, we anticipate an even greater demand for this kind of product solution in the future, and are therefore delighted to be re-launching our Christmas Saver for 2008.’

Christmas Saver accounts can be opened at any of the Society’s nine branches, and further details of their locations are accessible via the Scarborough Building Society website at scarboroughbs.co.uk.