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Britannia launches new one-year fixed rate savings account

Britannia Building Society has launched one-year fixed rate regular saver account, which will offer an interest rate of 7.50% gross/AER for people looking to commit to saving at least GBP25 every month.

The new account will facilitate savers with an option to benefit from the annual Britannia membership reward that will return a share of the society’s profits to its members, subject to scheme rules.

Tim Franklin, managing director of member business at Britannia, said: Saving regularly is a good habit to have and this product makes it really easy. With a minimum monthly investment of just GBP25 it offers a great rate, with no risk, and at the end of the twelve months savers will get a great return on their investment.