New savings option helps people give to charity

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New savings option helps people give to charity

Individuals interested in high interest savings accounts may be glad to hear of a new product being launched by Leeds Building Society.

Its new 3.05 per cent AER account features a novel way for investors to help others, donating a proportion of the closing balance each month to charity.

Kim Rebecchi, Leeds Building Society sales and marketing director, said: "This account has been specifically designed to offer customers an excellent return on their savings, whilst donating 0.20% of the closing balance to Marie Curie Cancer Care to support the charity."

Meanwhile, Darius McDermott, managing director of Chelsea Financial Services, recently told listeners to the FT Money Show that stocks and shares individual savings accounts could be the perfect solution for families looking to save towards the future of their children.

He noted that while markets may be volatile at present, the length of saving time means a positive return is almost certain.

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