With interest rates on hold, the future for savers is looking rosy, according to the savings account provider, Portman Building Society.
In order to help savers make the best of their money, the savings account provider has also launched a new savings account, which it says offers a "market-leading" five per cent gross/AER on balances of £1,000 and over.
Savers can open themselves one of these savings accounts from tomorrow (May 6th) and can be assured that their new Branch Notice Saver account will have an interest rate guaranteed not to fall lower than the Bank of England base rate until December 2007.
The new savings account will be launched exclusively through its network of local branches, marking the building society's commitment to local branches, says group manager Helen Shaw.
"By rewarding customer usage of branches in this way, our aim is to remind customers about their local branch and encourage greater usage of it," she said.
Founded in 1846, the Portman Building Society is the third oldest building society in the UK. It has assets of at least £15.5 billion and over 2,000 employees.
Over 1.8 million members are served in around 150 branches based predominantly in the south of England.
Future is rosy for savers, says savings account provider
Future is rosy for savers, says savings account provider
Fri, 05 May 2006
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