Premium Reward Issue 2 Launched
Stroud & Swindon, the UK’s 14th largest Building Society, today launched the second issue of its Premium Reward savings account, with an interest rate of up to 6.15 % gross AER.
This new product offers a stepped rate of interest that increases as more money is saved e.g. investments of £5,000 - £24,999 will earn a rate of 5.75% gross AER whilst investments of £200,000 - £350,000 will earn the full 6.15% gross AER. The account is available through any Stroud & Swindon branch, agency and direct via the call centre (08457 25 24 23).
This account is subject to minimum initial investment of £5,000 and maximum investment of £350,000. Subsequent deposits are subject to a £100 minimum making this an ideal product for regular savers. Stroud & Swindon expects the demand to be high for this product so suggests that consumers take advantage of this offer while it lasts.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon commented: “We are delighted to be able to offer this variable rate savings account with a highly competitive rate of up to 6.15% AER. The current uncertainties in the stock market make this type of savings accounts an increasingly attractive place to put your money. The Premium Reward Issue 2 account rewards customers the more they save so there is also another added incentive. Following the success of our last Premium Reward account, we hope that customers will be quick to take advantage of this great limited issue product.”
For further information please call 08457 25 24 23
- ENDS –
For further information please contact:
Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen ButcherThe Wriglesworth Consultancy
020 7845 7900
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.
Premium Reward Issue 2 Savings
- Interest rate of 5.75% gross AER on investments of £5,000 – £24,999.
- Interest rate of 5.90% gross AER on investments of £25,000 – £49,999.
- Interest rate of 6.00% gross AER on investments of £50,000 – £199,999.
- Interest rate of 6.15% gross AER on investments of £200,000 – £350,000.
- Two penalty free withdrawals a year, then 30 days loss of gross interest for further withdrawals.
- Minimum opening balance of £5,000.
- Maximum investment £350,000.
- Minimum of £100 per deposit once account is open.
- Limited issue.
- Available through Stroud & Swindon branches, agencies and via the call centre (08457 25 24 23).
- Minimum balance of £100 is needed to keep account open.
- Interest paid annually at midnight on 1 April.
- Account holder must be aged 18 or over.
- Limited to one account per customer.
- The gross interest rate is guaranteed to be no lower than the Bank of England base rate until 31 December 2008.
- Balances under £5,000 will receive an interest rate equivalent to the lowest tier on our Classic Gold Account.