Scarborough issues new Click and Save

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Scarborough issues new Click and Save

Mon 19th Feb 2007

Following popular demand for Scarborough Building Society's Click and Save account, the group is offering a similar account with an even higher interest rate.

Available for a limited amount of time only, Scarborough's Click and Save 2 is offering a rate of 5.70 per cent on balances over £1,000.

The interest rate is also guaranteed through to May 2008 – meaning it won't be subject to interest rate decisions by the Bank of England.

From June 1st 2008, the Click and Save 2 account will equal the Bank of England base rate, which is currently at 5.25 per cent.

After June 1st 2009, it will track the base rate plus 0.5 per cent.

Head of group marketing at Scarborough, Tony Burdin, said the account would allow the group to "pass on our savings to them in the form of a great rate, coupled with the benefit of easy access to their cash with no penalties".

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