Saffron Building Society

Saffron Building Society

Phone: +44 0800 072 1100

Solicitors' Reserve Account

Interest Rate
£5,000 or over 1.50% AER
Minimum Balance
pen with a minimum of £5,000.
Access via one of our branches or by post.
Immediate access and no penalties for withdrawals.
Your interest is paid annually on 31 December and credited directly to your account.
Maximum balance £2,000,000.
The interest rate will track and pay at the minimum of the Bank of England base rate **.
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.
Following a change in the Bank of England base rate, our accounts linked to this rate will change within 28 days.
There must be two partners signing to open the account.
Accounts may only be opened by cheque or transfer from an account in the firms name.
We will check with the Law Society for confirmation of your status and that of the firm.


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