Saffron BS Busting Inflation - Savings - News - Moneyfacts

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Saffron BS Busting Inflation

Saffron BS Busting Inflation

Category: Savings

Updated: 31/10/2008
First Published: 03/11/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Saffron Building Society has launched a market leading bond that links the interest you receive to changes in the rate of inflation.

The brilliantly named Inflation Buster Bond currently offers a rate of 6.80% gross pa and works by tracking movements in the Retail Price Index (RPI), which measures how the price of goods and services change over time.

The rate you receive is set at 2% above the rate of RPI and will be reviewed every three months, meaning any changes will be passed on to you quickly.

At least £500 is needed to open the bond but with no withdrawals being allowed until the bond matures, it's vital you can live without your money for two years.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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