25th July 2022
esbs, or Earl Shilton Building Society, has recently launched two new retail savings products.
A one-year and two-year variable rate bond are now available to the general public, offering competitive rates of 1.65% Gross p.a. / AER* and 1.90% Gross p.a. / AER* respectively.
Customers will be able to deposit between £5,000 and £85,000 into the account, which can then be accessed upon the account’s maturity.
This addition to esbs’ comprehensive range of savings accounts ensures members can make the best choice of account for their circumstances. Other saving options from esbs include Cash ISAs, Regular Monthly Saver, and the Heritage Account; designed for investors aged 50 years and over.
Paul Tilley, Chief Executive of esbs, said: “We’re pleased to be expanding our account offerings to meet the needs of more customers. Variable rate saving bonds are a great option for those who have a lump sum that they are looking to invest.”
For more information on esbs saving accounts and the terms and conditions that apply, visit https://www.esbs.co.uk/savings-3-2/. Alternatively you can call 01455 844422, email enquire@esbs.co.uk, or visit either branch at 22 The Hollow, Earl Shilton or 7 Malt Mill Bank, Barwell.
*Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest was paid and compounded each year. We pay interest gross.