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Friday, May 4, 2018

Products

Cambridge Building Society introduces new savings account

Jordan Williams | 7:27 Wednesday 2nd May 2018

The Cambridge Building Society has announced the launch of a new savings account.

Your Saver comes with an interest rate of 0.75% gross/AER variable and a maximum of one withdrawal per calendar month.

The minimum deposit is £100, with the maximum set at £1m.

The savings account can be accessed via the society’s app, website, post, phone or in any of its 12 regional branches.

Andy Jukes, head of direct distribution at the Cambridge Building Society, said: “Back in the summer 2017, we launched the Cambridge Money App and today’s product launch is the next step in offering customers a wider choice in how they do business with us.

“We’ve seen a good take up of customers who want to track their savings at a time and place to suit them and my team [is] increasingly talking to customers through secure messaging as well as on the telephone and face to face.

“The Your Saver is another option for customers who choose to have multiple savings pots for different needs.”

Dan Barker, product manager at the Cambridge, added: “We know from regular feedback that the way customers want to engage with us is constantly changing and that they do not fit into a ‘one size fits all box’.

“This account gives them the flexibility of making basic transactions online at a time and place to suit them, while also having the peace of mind that they can talk to someone or get cash over the counter if they needed to.

“Although there are similar products on the market, we believe this is the first to offer savers so many options.”

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