Saffron Building Society 90 Day Notice Saver (Issue 1)
|Branch access||Online account||Minimum saving amount||Maximum saving amount||Interest paid|
Whether you can operate the account through a bank branch.
Whether the account can be managed online.
The minimum amount you have to keep in the account.
The maximum amount you can keep in the account.
How often interest is paid.
Saffron Building Society customer satisfaction scorecard:How do we work this out?
|Clarity of statement||Interest rate information||Regular contact||Customer service||Overall customer score|
|Minimum saving amount||£1|
|Maximum saving amount||£1,000,000|
|Minimum initial deposit||£1,000|
|Restricted locations note||N/A|
|Existing customer note||To qualify as an existing customer to open this account, you need to have held a savings or mortgage account with the Society for at least six months.|
|ISA transfers allowed||No|
|Minimum regular monthly deposit||N/A|
|Maximum regular monthly deposit||N/A|
|Withdrawals note||You can withdraw cleared funds or close your account at any branch, or by post. You can do this by giving 90 days’ notice. If you need instant access to your funds this can be arranged but will be subject to an interest penalty equivalent to 90 days’ interest. Where the account has not accrued 90 days’ interest, the interest penalty will be deducted from the capital balance.|
|Notice period||90 days|
|Account fee charged||N/A|
|Part of FSCS||Yes|
|FSCS note||The first £85,000 per person, per UK banking licence, is protected by the Financial Services Compensation Scheme (FSCS). Under the UK Scheme if you have also borrowed from the failed bank or building society, the compensation will not be reduced to repay your debt. Separate arrangements will be made for this. Some banks and building societies share the same banking licence. Where this is the case, your £85,000 protection is across all the companies sharing the licence, not each individual company.|
|Interest paid type||Compound|
|Introductory bonus note||N/A|
|Conditional bonus note||N/A|
|From (£)||To (£)||AER including bonus (%)||Bonus rate (%)||AER excluding bonus (%)||Interest type|