The Nottingham launches 5% regular saver

The Nottingham launches 5% regular saver

The Nottingham has launched a new fixed-rate savings account aimed at customers who want to save “little and often”.

The Fixed-Rate Regular Saver pays interest at 5%, and can be opened with a minimum deposit of A?10.

Savers can set aside up to A?100 per month into the account, and are not penalised for missing a payment. They can also make as many deposits as they like, provided they do not exceed the A?100 monthly limit.

The 5% interest rate on the account is guaranteed until February 2011.

Clare Roberts, spokesperson for the Nottingham, said the account is designed to encourage consumers to kick start a savings habit.

“By giving up something as simple as their daily cappuccino costing A?2.20, consumers could start building up money to buy something they have always wanted or just to save up for a rainy day,” she said.

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