Saffron Building Society savings review
Saffron Building Society offers a broad range of savings accounts with interest rates up to 5.75%.
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Saffron Building Society offers a number of different savings accounts which we review below.
Saffron Building Society's top savings rate of 5.75% is available on one of its regular savings accounts.
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Saffron Building Society offers, plus the highest interest rate currently available.
Savings account types include | Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business |
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Best easy access rate | 4.5% |
Best cash ISA rate | 4.3% |
Best fixed-rate bond rate | 4.4% |
Best notice account rate | 4.6% |
Best regular saver rate | 5.75% |
Best business savings account rate | 4.35% |
Fixed bond terms | 1 year - 2 years |
Notice account periods available | 30 days - 120 days |
Opening options | Branch, website, post |
FSCS protection |
Depending on the account you choose, you can open it in branch, by post or online. Most accounts require you to be at least 16 years old (unless you’re after a children’s account) and you will need to be a UK resident.
Once you have opened an account, you have a 14-day cooling-off period in which to change your mind. If you decide the account is not for you, you can have your money back or switch to another account without losing interest.
When opening an account with Saffron Building Society, your identity will be confirmed using electronic searches but you may also be asked to provide proof of ID such as your passport or driving licence.
Yes, Saffron Building Society is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. This means all eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS). This increases to £170,000 for joint accounts.
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Saffron Building Society offers a huge range of savings accounts, so whether you’re looking for an easy access account, a fixed rate bond, a cash ISA, a children’s account or even a savings account for your business, there’s something for everyone. Many accounts can be opened online but if you want to open or manage your account at a branch, keep in mind that you’ll only find them in Essex, Hertfordshire and Suffolk.
Before opening an account, it’s also best to check what else is on the market from other providers to be sure you’re getting a good deal.
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