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New regular saver hits the charts

New regular saver hits the charts

Category: Savings
Date: 31/07/2017

Nottingham Building Society has launched a brand new regular savings account, which launches straight into the Best Buys and earns a high Moneyfacts rating thanks to its decidedly competitive rate.

The basics…

Special Saver Issue 5 pays a variable rate of 2.00% – a top-10 rate for its sector – with the term fixed until 19.11.18.

The finer details…

This branch-based account requires a minimum opening investment of just £10, with monthly deposits of £1 up to a maximum of £250 permitted thereafter. Contributions can be amended and additional payments made – provided the monthly maximum isn't exceeded – but there's no minimum number of payments required, and monthly deposits can be missed without penalty. Withdrawals aren't permitted, however, so all deposits made will be out of arm's reach until the end of the term.

Why we like it…

This new regular saver has earned a prime spot in the chart for its sector, easily establishing itself among its peers thanks to its top-10 rate and wealth of flexibility. Provided savers are happy to lock their money away, this could be a great choice for those keen to get into the savings habit.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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