Portman launches new savings account

Fri, 16 Dec 2005

Portman Building Society has announced the launch of the second issue of its savings account.

Portman's Members' Loyalty Account is open to savings account customers that have held a savings account at the society for three years or more.

Those wishing to put their savings into this new savings account will be able to do so from Saturday December 17th.

Borrowers at the society are also eligible to put their investments in the new savings account.

Portman's savings account is a variable rate savings account, which pay five per cent and is guaranteed to be 0.50 per cent about the Bank of England base rate for at least a year.

Chris Shelley, savings product manager at Portman, commented on the savings account launch.

"This is a popular account with our members and we were delighted to see that following the launch of the first issue a staggering 95 per cent of account openings were made in a branch," he said.

Those customers wishing to open a savings account with Portman can apply online or visit their local Portman branch.


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