New Instant Access Branch Reserve Account
Stroud & Swindon Building Society, today launched a new Branch Reserve account at a variable rate of 5% Gross AER.
The new account allows three penalty free withdrawals per calendar year. This makes it an ideal product for those who want to put their money into a savings account with a competitive rate yet still be able to have access as and when they need to.
The Branch Reserve is available through Stroud & Swindon branches and agencies and allows additional investments up to a maximum of £50,000. Interest to the account is calculated daily and credited to the account annually at midnight on 1 April.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments:
“We are delighted to offer this great new product for customers wishing to put away some rainy day savings. By allowing our customers three penalty free withdrawals per calendar year, this is an ideal choice for those who want to have easy access to their savings for home improvements or holidays.”
To locate your closest branch or agency visit
www.stroudandswindon.co.uk or call 08457 252423
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For further information please contact:Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes for Editors:
Stroud & Swindon is the 15th largest building society in the UK with assets in excess of £2.8 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 20 agencies in the South West, complemented by a direct call centre based in Stroud and website
www.stroudandswindon.co.uk.
New Branch Reserve:
- 5% interest Gross / AER (variable).
- Minimum investment of £3,000 to open and maintain the account.
- Maximum investment of £50,000 (with no more than £1 million in the society)
- Only available through branches and agencies.
- 3 penalty free withdrawals in a calendar year subject to a minimum withdrawal of £100.
- Subsequent withdrawals are charged at 30 days interest.
- Interest is calculated daily and credited to the account at midnight on 1 April each year.
- Account is only available to UK residents over 18 years.
- One account per customer