Saffron Building Society 2 Year Fixed ISA

silversand

Can someone who opened a 2 year fixed rate ISA with Saffron Building Society in November 2022 please confirm what the interest rate was then, including any changes during that month? I have just noticed (to my cost!) that none of the paperwork actually states an interest rate and I stupidly didn't save anything. I've just logged in to see the interest rate is 4.35% but that's not what I've written down. As rates were being pulled like wildlife when I opened it I'm wondering if the interest rate changed in the process and I have got a lower rate than when I applied (they don't use issue numbers, and I got caught out like that with Ford Money when I opened an account one day and the rate changed the following day, which was the day it was funded so they applied the lower rate - but did honour the original when I complained).

I can't find their historical interest rates anywhere!

Thanks

xylophone

Anything relevant here?

https://www.saffronbs.co.uk/previous-rates

silversand

xylophone said:

Anything relevant here?

https://www.saffronbs.co.uk/previous-rates

Unfortunately not - the accounts on that page only seem to go up to March 2022, but thank you

xylophone

There is this article from 31 October 2022

https://www.express.co.uk/finance/personalfinance/1689968/best-isa-rates-2022-savings-account-coventry-building-society-virgin-money

Top 10 fixed rate ISAs

Third on the list is Saffron BS’ Two Year Fixed Rate Cash ISA, also with an AER of 4.35 percent.

A minimum deposit of £500 is required to open this two-year bond and interest is applied on the anniversary of the account opening.

Transfers from other providers are not allowed, and early access will be subject to a charge equivalent to 180 days of interest.

eskbanker

https://web.archive.org/web/20221101052819/https://www.moneysavingexpert.com/savings/best-cash-isa/ lists the rate as 4.35% on 1 November, which remained the same in each weekly archive thereafter until 29 November, when it no longer showed in the listings, but the top 2-year fix by then was 4.21%, so it seems reasonable to assume that the rate was 4.35% for most of the month before dropping.

silversand

Thank you both - exactly what I was after. Had a feeling I'd probably made an error with my spreadsheet but after getting caught out with Ford I just wanted to double check

db3745

I didn't see your post until now and I know it's been well covered, but if it adds to your confidence I've checked my 2 year ISA account online. I funded it on 14th November 2022, and the interest rate is 4.35%. If you are registered for online services it's shown on your accounts page.