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Christmas savings spirit with Marsden BS

Christmas savings spirit with Marsden BS

Category: Savings

Updated: 09/12/2010
First Published: 09/12/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Marsden BS has launched a new savings account that is ideal for those looking to start saving early for Christmas 2011.

The Christmas Saver Issue 3 is a branch-based regular savings account maturing 30 November 2011 that pays a rate of 3.25% with a minimum investment of £25.

A minimum monthly payment of £10 must be made, and there is a maximum monthly cap of £250.

Additional payments can be made provided monthly maximums are not exceeded.

It is good to see Marsden BS launching its regular savings account again this year. Designed to help investors save for next Christmas or a winter holiday, it encourages savers to put away funds each month until next November 2011.

At 3.25%, it is amongst the market leading rates for a variable rate regular savings account. The flexibility to close the account early without penalty will add to its appeal.

Four out of five Moneyfacts stars have been awarded.

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