Furness Building Society has relaunched its popular one-year regular savings account, earning it an 'excellent' rating thanks to its competitive rate and terms.
One Year Furness Festive Saver pays an attractive variable rate of 2.05% on maturity.
This account must be opened and operated in branch with an initial investment of at least £1. Savers should note that a maximum of £1,250 can be invested during the first month.
Twelve monthly payments of between £1 and £250 are required during the duration of the bond. Missing a deposit will result in the account being transferred to an Access Saver account. The amount paid can be amended up or down and further additions are also permitted, provided the monthly limit is not exceeded. Withdrawals, however, are not welcomed, although early access is possible upon closure of the account.
Savers who are already thinking ahead to next year's festive season are likely to find this an appealing deal – not only does it boast a competitive rate, but it also offers some flexibility by allowing deposits to be amended and giving savers the option to close the account early if necessary.
Moneyfacts rating: Excellent
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