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Important Messages

We are currently experiencing high volumes of calls and savings applications that we are working hard to process. Please be assured that if you posted a savings application form to open one of our recently withdrawn fixed rates Bonds or ISAs, and it was received by us before 5pm on 7 May, you will automatically receive the higher rate.
Thank you for your patience at this busy time and we apologise for any inconvenience this may cause.

Bank of England Base Rate
On 8 May 2025, the Bank of England announced a 0.25% decrease in its base rate from 4.50% to 4.25%. We are committed to offering good value to all our Members, and are actively reviewing all our rates in light of the recent change.
From 1 June 2025 our tracker interest rates will reduce to reflect the base rate change.

Upcoming Website Maintenance - Wednesday 28th May from 6AM to 9AM:
We need to complete some website maintenance activities as part of our commitment to keeping you updated with the latest information. Our ONLINE SAVINGS PORTAL will be temporarily inaccessible during this period.
We thank you for your patience whilst we complete these necessary works.

Financial Services Compensation Scheme

Saffron Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. As a customer of Saffron Building Society your account(s) with us are covered by the Financial Services Compensation Scheme up to the maximum of £85,000 per person, unless you are:

A large company; a large partnership; a large mutual association; a local, provincial or municipal authority; a credit institution; an overseas financial services institution; an operator or trustee of a collective investment scheme; a pension and retirement fund or a trustee of such a fund; a supranational institution; a government, or central administrative authority; a firm within the Saffron Building Society group; a person whose claim arises from transactions relating to a conviction they have received for money laundering. Further details of exclusions from FSCS cover can be found on the Financial Services Compensation Scheme website

The limit will apply to each depositor for the total of deposits they hold with an organisation regardless of how many accounts they hold or whether they are a single or joint account holder. Although most shares and deposits in UK building societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the Society.