Scarborough ups Click and Save rate

Scarborough Building Society has raised the rate on its Click and Save easy access account to 5.80%, just days after launch.

The account, which can be opened with balances of £1,000+ (maximum £1 million), originally offered a rate of 5.70%.

Available for a limited period, the new 5.80% rate is guaranteed until May 31st 2008.

From June 1st 2008, the account interest rate will equal Bank of England (BOE) Base Rate, currently 5.25%.

And from June 1st 2009, it will track BOE Base Rate - 0.45% (0.60% for monthly interest).

Withdrawals can be made at any time, subject to a £1,000 minimum.

23 February 2007 © Moneyextra.com

back

Moneyextra.com recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.