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Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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09 Aug 2018

Society supporting savers with new ranges

The Society is launching a range of exciting new savings products to enable both existing and new members to receive a competitive return on their hard-earned savings.

The Society's commitment to savers doesn’t stop there! In addition to the new range, and following the recent Bank of England announcement to raise the Bank Rate, we will increase interest rates on all our variable rate personal and corporate savings accounts by at least 0.25% by 1st September 2018 inclusive. Please note Tracker Products may have already increased by 0.25% by 1st September 2018.

The savings range has something for everyone, whether that be a General Client Deposit account, a tax efficient ISA, fixed rate bonds or variable accounts that track the Bank of England Bank Rate. The Society has also opened up the savings range to anyone living within Wales and England. Furthermore, the recently revamped website makes it easier than ever for everyone to open savings accounts with the Society.

Chief Operating Officer, Dawn Gunter, said: “As a mutual society it is important that we provide our members with products and services that are needed. We have developed this new range to show our commitment and appreciation to members who we know have felt the squeeze on their savings throughout the unprecedented low interest rate period.

“This planned rate change will mean that our existing members will benefit from the full 0.25% rate increase, and we hope the new range will also be of help with competitive interest rates on offer.”