Savings account: Bank launches new deal offering 'competitive return'
Savings rates are low across the board at the moment as the Bank of England continues to keep the base rate at record lows. Despite this, banks are regularly launching new deals in a bid to entice savers.
“Trees planted through the Green Saver tree planting scheme permanently ‘lock up’ or sequester atmospheric carbon dioxide (CO2) in their wood and the soil of the woodland where they grow.”
Rav Kumar, a Senior Product Manager at Gatehouse Bank, commented: “Gatehouse is committed to providing customers with a competitive return on their savings over the long term, and introduction of the 18 month and four year Green Saver accounts offer customers additional choice and the opportunity to a contribute to a greener future.
“Since the launch of our Green Saver range in February, we have already planted over 5,000 new trees across in the UK, thanks to the Gatehouse customers, and by increasing the number of products available to savers, we aim to plant many more trees in the near future.”
ISA rates were also increased today by Paragon Bank, which boosted the rate of its one-year fixed rate ISA.
