Savings Affinity - Savings - News - Moneyfacts

News

Savings Affinity

Savings Affinity

Category: Savings

Updated: 31/10/2008
First Published: 10/08/2006

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 It is now over 6 months old so the content may be out of date.

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 - % GROSS
Rates correct as at July 2006

Football Club/
Institution
Min DepositCredit InterestDonation Notes
Arsenal FC / Britannia BS£1002.05%Up to 1.00%-
Aston Villa FC / West Bromwich BS£1002.00%1.00%5% discount voucher for purchases above £25 at club store. Free monthly prize draw to receive a free ground tour.
Blackburn Rovers / Chorley & District BS£1002.05%0.50%Instant access account.
Blackburn Rovers / Chorley & District BS£1K3.55%0.50%90 day notice account.
Chelsea FC / Britannia BS£1002.05%Up to 1.00%-
Everton FC / Britannia BS£1002.05%Up to 1.00%10% discount on all purchases at the Everton Megastore on production of passbook.
Liverpool FC / Britannia BS£1002.05%Up to 1.00%1% bonus for August and September of each year that the club win the FA Cup, Champions League or the Premiership.
Machester City FC / Britannia BS£1002.05%Up to 1.00%-
Manchester United FC / Britannia BS£1002.05%Up to 1.00%1% bonus for August and September of each year that the club qualify for the Champions League.
Sheffield United FC / Yorkshire BS£1003.05%1.00%-

Moneyfacts: Championship Football Supporters Savings Accounts - % GROSS
Rates correct as at July 2006

Football Club /
Institution
Min DepositCredit InterestDonationNotes
Barnsley FC / Barnsley BS£1002.80%1.00%10% discount on club shop purchases.
Birminham City FC / West Bromwich BS£1002.00%1.00%£5 discount voucher when spending more than £50 in Blues store. Exclusive free prize draw entry to win a free ground tour for 2 people.
Coventry City FC/ West Bromwich BS£1002.00%1.00%£5 discount voucher off purchases over £20 in club shop. Free prize draw entry.
Derby County FC / Derbyshire BS£13.00%1.00%Voucher for a free pint of bitter, lager or Coca Cola plus a match programme and match ticket, 5% (15% if also a season ticket holder) off merchandise in Rams Superstore on Tuesdays. Voucher for free guided tour of Pride Park after one year.
Leicester City FC / West Bromwich BS£1002.00%1.00%£5 discount voucher when spending more than £40 in club shop. Free prize draw entry.
Ipswich Town FC / Britannia BS£1002.05%Up to 1.00%10% discount on full price merchandise on production of passbook, for personal visitors to Planet Blue stores.
Leeds United FC / Leeds BS£1001.30%1.00%Free Leeds gifts on opening account.
Norwich City FC / Norwich & Peterborough BS£1001.80%1.00%5% discount on season ticket for Norwich & Peterborough stand. After 6 months 1 free standard mortgage valuation.
Plymouth Argyle FC / Skipton BS£5001.80%0.50%-
Preston North End FC / Cumberland BS£1001.80%1.00%10% discount voucher for club shop. North Enders mug once £500 in account.
Stoke City FC / Britannia BS£1002.05%Up to 1.00%10% club shop discount and community discounts throughout the season.
Sunderland AFC / Britannia BS£1002.05%Up to 1.00%-
West Bromwich Albion FC / West Bromwich BS£1002.00%1.00%5% discount off Family Stand season ticket.
Wolverhampton Wanderers FC / Birminham Midshires£104.50%0.30%-

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.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close