Saffron BS provides missing link - Savings - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Saffron BS provides missing link

Saffron BS provides missing link

Category: Savings

Updated: 09/04/2010
First Published: 09/04/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Saffron BS has launched a new one year fixed rate bond which could appeal to those with a fair chunk of change to invest.

The 1 Year Fixed Rate Linked Bond pays a rate of 4.80% on maturity on a minimum investment of £500 (£20K- 5.00%).

No further additions are permitted and early access is subject to closure of the account and a loss of 180 days' interest. There is a maximum investment cap of £45K.

Investors must also put the same amount or greater (minimum £3K) in a six year Credit Suisse Protected Capital Plus Account (PCPA), which must be maintained for the term of the bond.

The product offers a highly attractive rate, although clients must be prepared to invest an equal amount in another account to obtain the rate.

Four out of five Moneyfacts stars have been awarded.

Find the best savings accounts for you - Compare short term bonds

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 Any products featured may be withdrawn by their provider or changed at any time.