Saffron Building Society is pleased to announce the launch of the Members’ Month Loyalty Saver, a new market-leading savings account unveiled as part of the annual Members’ Month celebration. This limited-edition account offers an impressive eight percent AER/gross (fixed) to over 100,000 existing Saffron members across the UK, with a minimum deposit of £1 and a maximum monthly payment of £50, providing a flexible and rewarding savings experience.
This unique savings account allows members to make monthly withdrawals, with interest being paid out at the end of the 12-month period. Members have the option to open the account online or in person at one of Saffron’s branches in the East of England. It is important to note that this exclusive offer is only available for a limited time, encouraging prompt action to take advantage of this high-interest savings account.
Marcus Buck, the head of marketing and product at Saffron Building Society, has expressed his excitement about the launch of the Members’ Month Loyalty Saver and the upcoming activities for Saffron members, including the ‘Month Off My Mortgage’ prize draw, ‘Showtime with Saffron’ theatre ticket giveaway, the ‘Grand Saffron Tea Party’ at the historic Down Hall Hotel, and ‘Cuppa & Cakes’ mornings featuring local artisan food in Saffron’s branches across the East of England.
In addition to the new account, Saffron Building Society has also announced other initiatives to reward their loyal members, including reducing mortgage rates on their range by up to 0.2% and providing surprise giveaways in-branch throughout the Members’ Month celebration.
Mr. Buck emphasised the society’s commitment to providing tangible rewards and enjoyable experiences for its members. “Our members mean the world to us, and we can’t wait to celebrate with them,” he said.
It is important to note that while Saffron Building Society’s new account currently leads for regular savers, there are other notable options available in the market. Online bank first direct and the Co-operative Bank are offering a competitive Annual Equivalent Rate (AER) of seven percent on savings of up to £3,000. Following closely behind is Nationwide Building Society with an AER of 6.5 percent, allowing savers to deposit up to £200 per month.
In uncertain times, the opportunity to maximise our savings can undoubtedly bring a sense of security and stability. Saffron Building Society’s new Members’ Month Loyalty Saver, along with the plethora of rewards and activities for its members, serves as a testament to its dedication to providing value and joy to its community of savers.
In conclusion, this new market-leading savings account offers both existing and potential Saffron members an opportunity to save and be rewarded in a meaningful way. It’s an exciting time for savers, and we look forward to seeing how other financial institutions will respond to this competitive offer.
The news of Saffron Building Society’s latest savings account serves as a reminder of the importance of staying informed about the latest developments in the financial sector. With various options available, it’s crucial to carefully consider the terms and conditions of each account to determine the best fit for individual savings goals and preferences.