Save up to ?200 each month in the Saffron Building Society Regular Saver, and get 4% fixed interest for a full 12 months. It was easy to set up the account with a ?200 cheque, followed by a standing order from my Bank, which could have been be for any amount between ?10 and ?200 each month. The monthly amount can be altered anytime, between the limits stated. Thus a maximum of ?2240 can be saved in one year. Furthermore, there is no penalty for any withdrawals, which is somewhat unusual for this type of account.
After one year with this account, it is best to simply close it, and - if you wish - to then open another one straight away.
Pays 4% fixed interest for 1 year
Maximum £200 per month