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Building Society Launches Competitive Savings Account for Existing Mortgage Customers

The Society is thrilled to announce the introduction of a competitive savings account for its mortgage customers as a token of appreciation for their loyalty.

The Borrowers Loyalty Tracker Bond is a one-year savings bond that tracks the Bank of England’s base rate, offering the competitive variable interest rate of 5.25%. This product is designed to acknowledge and thank customers for their continued trust and support.

Key features of the Borrowers Loyalty Tracker Bond include:

  • A minimum opening balance of £5,000
  • A maximum balance of £100,000
  • The flexibility to add additional funds at any time after opening
  • The bond matures after one year from the date the account is opened
  • No withdrawals can be made during the one-year period

This bond is ideally suited for customers who already possess accessible savings and are looking to diversify their portfolio. It offers a secure and beneficial way to save a lump sum of over £5,000 that can be ‘locked away’ for one year – perfect for planning ahead while keeping other funds accessible for immediate needs.

Upon maturity, Hinckley & Rugby Building Society will proactively contact customers to discuss the available options, including withdrawing their funds or reinvesting in a new savings product.

Customers interested in taking advantage of the exclusive Borrowers Loyalty Tracker Bond are encouraged to explore further details and apply by visiting the Hinckley & Rugby Building Society website. This opportunity is a testament to our commitment to rewarding the loyalty of our valued customers and helping them achieve their financial goals.