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Saffron BS spices up ISA market

Saffron BS spices up ISA market

Category: Savings

Updated: 17/02/2011
First Published: 17/02/2011

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 It is now over 6 months old so the content may be out of date.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 BS has added spice to the fixed rate ISA market by increasing the rate on one deal and launching a number of others.

Its One Year Fixed Cash ISA which allows transfers in now pays 2.75%, having been increased by 0.25%.

Another version with the same term which does not allow transfers in has been introduced with a rate of 3.00%, high enough to leave it amongst the market leading one year ISAs.

Members of the society are being rewarded with the launch of a two year members' ISA which pays an enhanced rate of 3.30%.

All of the accounts allow early closure, transfers out on 180 days' loss of interest and require a minimum investment of £500.

Four out of five Moneyfacts stars have been awarded to Saffron BS for the changes it has made.

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