SAVINGS
RATE GUIDE
22 Feb 2016
For product details,
please see our Savings Brochure
In branch
0800 072 1100
saffronbs.co.uk
Product
Gross
p.a./AER*
Net p.a.%**
CHILDREN’S SAVINGS
Ladybird (ISSUE 6) 11 years or under
£1 or over
£25,000 or over
2.05
2.25
1.64
1.80
Smart Saver (ISSUE 2)
between 11 & 17 years inclusive
£1 or over
£25,000 or over
2.05
2.25
1.64
1.80
£1 or over
0.05
0.04
12 Month Fixed Rate Members’
Regular Saver (ISSUE 3)
£10 or over
3.50
2.80
Reward Saver (ISSUE 5)
£500 or over
£50,000 or over
Reward Bonus
0.35
0.40
0.50
0.28
0.32
0.40
Branch Saver
£5,000 or over
1.00
0.80
Cashbuild 90
£10,000 or over
£25,000 or over
£50,000 or over
1.05
1.10
1.15
0.84
0.88
0.92
Members’ 120 Day
Notice Account (ISSUE 2)
£500 or over
1.35
1.08
Branch Cash ISA (ISSUE 2)
£1 or over
1.00
-
One Year Fixed Rate Cash ISA
£500 or over
1.05
-
One Year Fixed Rate Members’
Cash ISA
£500 or over
1.15
-
Two Year Fixed Rate Cash ISA
£500 or over
1.15
-
Two Year Fixed Rate Members’
Cash ISA
£500 or over
1.25
-
Easy Access
(previously known as Cashbuild)
Product
Gross
p.a./AER*
Net p.a.%**
One Year Fixed Rate Bond
£500 or over
Annual income
Monthly income
1.05
1.04/1.05
0.84
0.83
One Year Fixed Rate Members’ Bond
£500 or over
Annual income
Monthly income
1.55
1.54/1.55
1.24
1.23
Two Year Fixed Rate Bond
£500 or over
1.15
0.92
Two Year Fixed Rate Members’ Bond
£500 or over
1.25
1.00
Charity Deposits
£1 or over
£250,000 or over
0.10
0.15
-
Sports and Social Clubs
£1 or over
0.10
0.08
Corporate Deposits
£10,000 or over
0.10
0.08
Solicitors’ Undesignated Client
Account
£1 or over
0.10
-
BUSINESS SAVINGS
Company & Club Accounts
For more information ask in branch,
call us FREE on 0800 072 1100 or visit
saffronbs.co.uk
SBS9767
Products may be withdrawn at any time
Individual Savings Accounts (ISAs) pay interest tax-free provided all terms and
conditions of the account type are met. On all other accounts, interest will be
paid at the net rate after the appropriate standard rate of income tax (currently
20%) has been deducted, or gross on receipt of the required HMRC declaration
form. Where interest is paid net, the income tax may be reclaimed from HMRC if
the amount deducted exceeds the investor’s tax liability. Net rates are illustrative
only and have been rounded to two decimal places.
*The gross rate is the rate before deducting tax at the rate applicable to savings
income. The Annual Equivalent Rate (AER) is a notional rate which illustrates
the contractual rate (excluding any bonus interest payable) as is paid and
compounded on an annual basis.
** Net p.a. % - after deduction of basic tax
Full details of terms and conditions applying to all Society accounts are contained
in the savings, ISA and online account terms and conditions documents, or any
product specific terms and conditions. Interest is paid annually, with the exception
of our accounts that offer a monthly income option, which is paid monthly and
Reward accounts which are paid quarterly from inception. Interest rates of Society
accounts not listed in this leaflet are available at your local branch and on the
website.
Where the interest rate payable on an account is linked to a reference rate (e.g.
Bank of England Base Rate), the rate will be amended in accordance with the
change in the reference rate, within 28 days.
Your eligible deposits with Saffron Building Society are protected up to a total
of £75,000 by the Financial Services Compensation Scheme, the UK’s deposit
protection scheme. Any deposits you hold above the £75,000 threshold are not
covered. Please visit www.fscs.org.uk for more information.
Saffron Building Society is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential Regulation
Authority. (Financial Services Register no 100015).
Saffron House,
1A Market Street,
Saffron Walden,
Essex, CB10 1HX.
Call our Saffron Direct team free on:
0800 072 1100
9am to 5pm Monday to Friday, Wednesday 9.30 - 17.00
9am to 1pm Saturday
SBS9767
Large print, audio and Braille editions of this leaflet are
available. Please call 0800 072 1100