Saffron launches Christmas Regular Saver account

Saffron Building Society, the regional building society serving East Anglia, has announced the launch of a new, limited edition, Christmas Regular Saver account, providing savers with the equivalent of a 14.49% rate of interest.

The Saffron Christmas Regular Saver is designed to reduce the pain of paying for Christmas, by encouraging savers to put away a small sum of money each month towards next year’s festivities.  Savers commit to paying £50 into the account for 11 months and at the end of the term their savings are converted into £550 worth of Love2Shop vouchers which Saffron will boost with an extra £40*.  The vouchers must be picked up from a Saffron branch, and can be spent in a wide range of high street stores and on the internet. Visit love2reward.co.uk for a full list of participating retailers.

The account is strictly limited to the first 1000 applicants and can be opened in one of Saffron’s branches, or by calling Saffron on 0800 072 1100.

John Eastgate, Sales and Marketing Director at Saffron Building Society, said: “Funding Christmas can often be a real drain on people’s finances. With the publication of recent statistics suggesting that two millions Britons are still paying for last Christmas, it’s clear that many families would benefit from the incentive to start saving earlier. It’s our hope that £590 of shopping vouchers will help people to plan for next Christmas and take the strain off customers’ pockets at a time when many traditionally feel the pinch”.