Now that the World Cup has finished, hundreds of thousands of football fans up and down the country will soon be getting ready to support their own team, donning club colours, going to games and singing their hearts out. There is however another way you can show their support for your chosen club.
Football affinity savings accounts provide dedicated football supporters with a way of giving something extra to their favourite football club. They work like normal savings accounts but give a percentage of average balances as a donation to the designated football club. Some accounts will give a donation to youth development at the club, whilst others will also give discounts on purchases in the club shop. Many accounts also provide cards, passbooks and cheque books with football club branding.
As well as savings accounts to support your football team, in some cases credit cards and mortgages are also available.
Although interest rates on these accounts are not as high as some online savings accounts, most have instant access and pay rates which compete with other branch-based savings products, especially when the donation to your favourite club is taken into account.
For those football clubs without a Russian billionaire to keep the bank manager sweet, it can be a much needed boost to club funds, when loyal supporters put their money where their heart is in an effort to see their team through the forthcoming season.
Whilst for the elite few football clubs in the Premiership money is not a primary concern, for the remainder of the clubs in the lower divisions of English football, every penny counts in their continued struggle for financial survival.
Moneyfacts: Premiership Football Supporters Savings Accounts - % GROSSRates correct as at July 2006
Moneyfacts: Championship Football Supporters Savings Accounts - % GROSSRates correct as at July 2006
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 Any products featured may be withdrawn by their provider or changed at any time.
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