Goal Saver Account (Issue 8)

Savings Account

Goal Saver is designed to get you saving for something special - whether it's a new car, university fees or a first home, this account helps you lay out when you need to reach your goal, what you already have to contribute, and what you can save each month.

1.50% AER

£10

Age must be 16 or over.

Open with a minimum of £10 (a minimum balance of £10 must be maintained). This is per goal as each goal opens a separate Goal Saver account.
You can open your account by internal transfer from another Saffron account or electronically from your bank (e.g. standing order).
You can make regular monthly payments or one-off payments into your account electronically from your bank (e.g. standing order).
Easy access and no penalties for withdrawals.

You can transfer money out to another Saffron account or electronically to your bank.
Maximum balance of £500,000 overall - across all Goal accounts
You can set up one Goal Saver account for each goal that you have.
You must be aged 16 or over to open this account.
Transactions can only be made online.
If your account falls below the minimum balance amount, you will earn a fixed rate of 0.05% gross p.a./AER* whilst the account is below the minimum balance.