New Branch Premier Account Launched
Stroud & Swindon Building Society, the UK’s 14th largest building society, today launched a new Branch Premier account at a variable rate of 6.35% Gross AER. This rate includes an initial guaranteed bonus of 0.60% above BOE base rate until 31 January 2009 which then switches to a further guarantee of 0.30% above BOE base rate until 31 December 2010.
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 need to have access as and when. In addition to this the minimum investment is only £100.
The Branch Premier is available through Stroud & Swindon branches and agencies and allows additional investments subject to a minimum of £10. 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:
“Following on from the huge success of our recent fixed rate bonds, we are pleased to be able to offer this product to consumers who are thinking about their future savings. The product is an ideal choice for people who want easy access to their savings as it allows them three penalty free withdrawals per calendar year.”
To locate your closest branch or agency visit www.stroudandswindon.co.uk or call 08457 252423
For further information please contact:
Paul Chafer
Sales & Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes for Editors:
About Stroud & Swindon Building Society:
Stroud & Swindon is the 14th 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 Premier Account Issue 2:
- 6.35% interest Gross / AER (variable).
- Minimum investment of £100 to open and maintain the account.
- Maximum investment of £50,000.
- Additional Investments are allowed subject to a minimum of £10.
- Only available through branches and agencies.
- 3 penalty free withdrawals per calendar year.
- A fourth or subsequent withdrawal can be made subject to 30 days loss of gross interest on the amount withdrawn.
- 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