Start your savings resolution with the benefit of our new interest rates
Effective from December 1, 2023, we are increasing interest rates across our savings products by 0.25%. This move comes in response to our commitment to customer satisfaction and fair treatment, so why wait, when you can kickstart your savings resolution now?
Our dedication to our customers has been recognised earlier in the year by The Mail on Sunday's 'Give Savers A Rate Rise' campaign. We take pride in our customer-focused approach, always striving to provide the best financial solutions. Unlike many major financial institutions, we have taken action in increasing interest rates on our savings products without a change in the Bank of England’s Base Rate.
The savings accounts benefitting from the interest rise include:
Instant Access Saver:
For those who value flexibility, our Instant Access Saver is the perfect choice. With a minimum opening balance of just £1 and a competitive annual interest rate of 4.25% GROSS/AER☨, your money works hard for you while remaining easily accessible.
Regular Monthly Saver:
Commit to your savings journey with our Regular Monthly Saver. Start with as little as £25 and contribute up to £1,500 per calendar month. With an attractive annual interest rate of 4.75% GROSS (4.85% AER), watch your savings flourish month after month.
90 Day Notice:
Planning ahead? Our 90 Day Notice account offers a competitive annual interest rate of 4.75% GROSS (4.85% AER). With a minimum operating balance of £1, enjoy the benefits of strategic saving while having the flexibility to access your funds with notice.
Maximise your savings with our Cash ISA, offering a tax-efficient way to grow your wealth. With a minimum opening and operating balance of £1, enjoy an attractive annual interest rate of 4.25% GROSS/AER☨.
First Adult Saver – exclusive benefits for ages 18-40:
Designed exclusively for customers aged 18-40, our First Adult Saver account provides not only a head start in savings but also a competitive annual interest rate of 4.50% GROSS (4.55% AER). Seize the opportunity to secure your financial future.
Teach the importance of saving to the younger generation with our Young Saver account. With a minimum balance of £1, this account boasts an attractive annual interest rate of 4.75% GROSS (4.81% AER), setting the stage for a financially responsible future.
Junior Cash ISA:
Invest in your child's future with our Junior Cash ISA, offering a solid foundation for their financial journey. With a minimum balance of £1 and an annual interest rate of 4.75% GROSS/AER☨, this is a great way to provide the gift of financial security.
At Swansea Building Society, we are not just raising interest rates; we are elevating your savings experience. Whether you prioritise accessibility, commitment, or tax efficiency, our diverse range of savings accounts caters to your unique needs.
Alun Williams, our Chief Executive, said:
"It brings me great pleasure to announce the enhancement of our savings products with a significant 0.25% increase in interest rates. At Swansea Building Society, we believe in empowering our customers to achieve their financial goals. This move is a testament to our unwavering commitment to fairness and customer satisfaction. We invite you to start your savings resolution early with us, and together, let's embark on a journey towards a more prosperous and financially secure future."