'Great rate' with Scarborough Building Society Click and Save account
www.moneynews.co.uk > Banking > 'Great rate' with Scarborough Building Society Click and Save account
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Money News |
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'Great rate' with Scarborough Building Society Click and Save account
Wed 20th Dec 2006
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A rate of 5.5 per cent will apply to balances of more than £1,000 held in a Scarborough Building Society Click and Save account.
Account holders will be able to access their cash without notice or charge at any point, while the Scarborough Building Society Click and Save account can be operated via the phone or post.
The society claims its latest savings account offer protects customers against "current interest rate uncertainties", as the Scarborough Building Society Click and Save account's interest rate is guaranteed until the end of January 2008.
The UK's interest rate currently stands at five per cent, following two quarter per cent hikes in the second half of the year.
Tony Burdin, head of group marketing at the society, says the Scarborough Building Society Click and Save account was designed to be "simple and rewarding".
He explains admin costs have been cut through a self-service type application: "This means we can pass on our savings to them in the form of a great rate, coupled with the added benefit of easy access to their cash with no penalties."
According to Mr Burdin, the Scarborough Building Society Click and Save account offering is part of the society's commitment to offering customers "straightforward, long-term good value, backed by excellent customer service".
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