Portman Building Society is rewarding its most loyal savings customers with a special savings rate of 5.25 per cent.
Savings account holders who have been saving money with Portman for three years and averaged a savings account balance of £2,500 over the last year are eligible for the Members' Loyalty Account.
Those holding a mortgage with the Society could also open the savings account with a minimum investment of £1,000. The maximum investment in this savings account is £10,000, or £20,000 for joint savings accounts.
The variable savings rate is guaranteed to remain 0.75 per cent above the Bank of England base rate for a year.
During the first year of the savings account, no withdrawals are allowed, but at the end of this period the savings account automatically matures into the Matured Bond Plus account, offering instant access.
Portman's group development director Matthew Wyles said the Society's success is founded upon the support of its most loyal and committed members.
"We are determined to direct the fruits of our success specifically to those members," he commented.
It is expected that this limited edition savings account will be very popular, and eligible members are urged to apply immediately.
Portman rewards most loyal savings account holders
Financial Services > e-banking > Banking news
Portman rewards most loyal savings account holders
Tue, 06 Sep 2005
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