Scarborough Building Society has announced an increased rate on its Click and Save savings account, offering higher returns for customers.
The interest rate on the recently launched savings account has been increased to 5.80 per cent, up from 5.70 per cent originally. Bosses at Scarborough are optimistic that the increased rate will appeal to savers looking for a good deal.
Available as of this week, the Click and Save 2 savings account can be opened with a balance of £1,000 and above and features a self-service facility designed for greater convenience. The 5.80 per cent interest rate is also fixed until the end of May next year, offering guaranteed returns in the face of interest rate rises.
"This latest limited issue account is designed to be simple and rewarding," commented Scarborough head of marketing Tony Burdin.
"By giving customers the self-service option for opening a Click and Save Issue 2, we are continuing to minimise administration and, therefore, making the application process more convenient."
As of June 2008 the Click and Save savings account will equal the base rate and after June 2009 it will match the base rate plus 0.5 per cent.
New savings option from Scarborough
New savings option from Scarborough
Fri, 23 Feb 2007
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