Regular savings deal stays in the charts | Product News - Moneyfacts

Product News

Regular savings deal stays in the charts

Regular savings deal stays in the charts

Category: Savings
Date: 21/05/2015

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 It is now over 6 months old so the content may be out of date.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 Building Society has made a reduction to its regular savings account, but despite this, it has retained a coveted place in the Moneyfacts charts.

The basics…

12 Month Fixed Rate Members' Regular Saver (Issue 3) now pays 3.50% on maturity, which allows it to sit just below the market-leader of its sector. Savers should note that this account is also open to new customers who apply in branch.

The finer details…

This account can be managed in branch or by post and requires an initial deposit of at least £10 (savers should that a maximum of £2,400 can be invested in this account).

Twelve monthly deposits of between £10 and £200 are needed during the term; however, there's no penalty for missed payments. Contributions can be amended up or down, and additional deposits are welcome at any time. It is also possible to make unlimited, penalty-free withdrawals.

Why we like it…

This account may have had its rate reduced slightly, but it remains a fierce competitor in its sector. Although there is a maximum investment limit of £2,400, savers are likely to welcome the option to amend the size of the monthly deposit and withdraw funds as and when they are needed.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close