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Saffron Building Society launches new corporate savings bond

Thursday 21st January 2010
By Mike Jones

Saffron Building Society has launched a new, competitive six-month fixed-rate corporate savings bond.

This fixed-rate bond is available to limited companies, charities, clubs and associations who have larger deposits, giving them the chance to earn more interest on their savings. The account must be opened with a minimum of £5000 and has a maximum balance of £2,000,000.

Saffron will be offering this bond to new and existing customers, and is offering a fixed interest rate of 2.25% gross p.a. / AER.

Andy Golding, Chief Executive, Saffron Building Society, said: "Businesses have had it tough in the last 18 months and low interest rates do not help those looking to make sensible returns on their reserves.

"Therefore it is crucial that we continue to review our product range to ensure business customers are also offered quality products from a provider they can trust.

"We hope this new corporate bond will give new and existing business customers another great way to save money."

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