Saffron to offer fixed rate savings product nationwide
Saffron Building Society, the regional building society serving East Anglia, is extending its national savings range by offering its fixed rate regular savings product online or via phone.
The product, which has previously been available in branch only, is now open to new and existing members by post, going to saffronbs.co.uk or it can still be opened by visiting a Saffron branch. Savers will require a minimum investment of £10 and you can save a maximum of £200 per month. Access is permitted during the term of the investment and is without penalty.
Saffron is encouraging new and existing members to ensure they save to achieve their financial goals in 2011. Saffron offers a number of goal based saving products and services to help people save for what they want:
Goal Saver
Saffron Building Society offers Saffron Moneytree to help members work out how much they can afford to save each month. The service is linked to Saffron’s Goal Saver account which pays 2.25% (AER) variable interest and offers instant access with a minimum balance of £10 and a maximum £1,000,000.
Wedding and Car Saver
Saffron Building Society offers dedicated Wedding Saver and Car Saver accounts through its savings services at plansaveget.saffronbs.co.uk. The accounts also pay 2.25% (AER) variable interest and offers instant access with a minimum balance of £10 and a maximum £1,000,000.
Saffron’s goal saver products carry the guarantee that the interest rate will remain in the top 10 online, instant access savings accounts, as published by moneyfacts.co.uk.
John Eastgate, Sales & Marketing Director of Saffron Building Society, comments, “The regular saver product is a great option for those who don’t want to commit to a bond or long notice period but still want to earn a good rate of interest and have immediate access to their money. Many of us can’t be certain that we won’t need to dip in to our savings at some point.
“We encourage our members to save towards their goals, whether that is a new car, a dream holiday or a great wedding. Saffron is dedicated to continually reviewing its product range to ensure we are offering members great savings products from a provider they can trust.”