New Over 50's account launched
Stroud & Swindon Building Society today launched a second issue of their Platinum 50 Saver – a savings account available solely to those over 50s who are looking for a monthly income. The product offers a competitive rate of 5.80% AER (5.65% gross).
The new account is available through Stroud & Swindon branches, agencies and by telephone (08457 252423). The rate of 5.80% AER includes a 0.35% gross bonus for the first 12 months. Stroud & Swindon guarantees that the rate on this account will not fall more than 0.25% below the Bank of England base rate until 31 October 2008.
The Platinum 50 Saver can be opened and maintained with a minimum of £5,000 and allows additional investments up to a maximum of £500,000. The account also offers an unlimited number of withdrawals (subject to 30 days notice or 30 days loss of gross interest). Interest on savings is earned daily and paid monthly. This can be paid into a bank or other Stroud & Swindon account or compounded.
Paul Chafer, Sales Director of Stroud and Swindon Building Society comments: “We are delighted to be able to offer a further issue of this savings account to the over 50s looking for a monthly income. The interest rate is very competitive and judging from the success of the initial Platinum 50 Saver, this second issue is certain to be very popular.”
To locate your closest branch or agency visit
www.stroudandswindon.co.uk or call 08457 252423.
~ENDS~
For further information please contact:
Paul ChaferSales Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen ButcherThe Wriglesworth Consultancy
020 7845 7900
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 platinum 50 saver issue 2:
- Account only available to people aged 50 or over.
- Interest rate 5.80% AER (5.65% Gross) including 0.35 % gross bonus for 12 months from account opening.
- Account is available from branches, agencies, by post or via the telephone (08457 252423).
- Interest rate guaranteed not to be less than 0.25% below BOE base rate until 31 October 2008.
- A minimum amount is required to open an account (£5,000) and additional investments are allowed up to a maximum investment (£500,000).
- Unlimited number of withdrawals are subject to 30 days notice (30 days gross interest will be charged for withdrawals made without notice).
- Interest is earned daily and paid monthly.
- Limited to one account per customer.