Loughborough BS launches new savings account paying 4.00%
Tuesday, 15 November 2011 10:28
The Loughborough Building Society has released a new month saver account with a four per cent interest gross/AER variable rate designed for savers who have a limited amount to put away each month but still want a decent rate of return in the current market.
Their Monthly Saver 2 account allows investors to put away up to £200 or £2,400 a year and has a two-year term. The rate is competitive bearing in mind the low levels of investment required.
The Loughborough Building Society said that it has set the rate at four per cent on an investment of no more than £200 a month because it wants to encourage its customers to save and also wants to generate consistent funding for its own operations.
Gary Brebner, Chief Executive of The Loughborough Building Society, said: “The aim of this new scheme is to appeal to and encourage new members to open and move money from low paying instant access accounts into higher payer accounts.
“In addition to the rates on offer, we treat our members as individuals and they always know which staff member they are dealing with.”
Both products are available nationally.
Use our comparison tools to find a great deal on a savings account today.
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