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Saffron Building Society, the regional mutual serving East Anglia, today announces the launch of its new Three Year Fixed Rate ISA, paying a competitive 4.40% (gross.p.a./AER).

This rate will place Saffron’s new ISA amongst the highest-paying medium term investment opportunities available. The ISA is open to all investments of over £15,000 for both new and existing Saffron customers.

Those turning 50 before 5th April 2010 will also be permitted to top-up their 2009/10 ISA allowance from 6th October 2009 to ensure they enjoy their full entitlement to £5100 of tax-free saving in this tax year.

Sales and Marketing Director John Eastgate said:

“With interest rates stabilising at an unprecedented low, we recognise that diligent savers are not enjoying the returns that they may have hoped for. This 4.40% Three Year Fixed Rate ISA is designed to benefit those who have been adding to their ISAs year-on-year and are now looking for a better rate.

“Saffron are constantly working to meet the needs of savers, and we feel that this product represents a sound alternative to moving an ISA every year in the search for a good return.”

Ends

Media: For more information on Saffron Building Society contact Jennifer Comerford or Inez De Koning at Lansons Communications 0207 294 3678/ 0207 294 3623 or email saffronbs@lansons.com.

Note to newsdesk

About Saffron Building Society
Saffron Building Society has served the needs of the local community for 160 years and is committed to doing so in the future.

A mutual organisation, Saffron Building Society is owned by its 90,000 members and exists solely for their benefit.

The Society employs over 120 staff across Anglia who understand our local customers needs, providing genuinely outstanding service, backed up by a product range that offers real value for money.
Visit www.saffronbs.co.uk for current mortgage rates and UK savings accounts

Saffron Building Society has branches in:

Saffron Walden
Bishop’s Stortford
Colchester
Frinton-on-Sea
Great Dunmow
Halstead
Royston
Sawbridgeworth
Stratford
Ware

Saffron Building Society has agency outlets in:

Dersingham
Heacham
Ipswich
Rayleigh
Snettisham
St. Osyth
West Mersea

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