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Saffron Building Society Business Savings & Loans


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Reviewed By: Ian Wright (Managing Director)

Saffron Building Society specialises in buy-to-let mortgages and property development finance. Established in 1849 with branches in Hertfordshire, Essex and Suffolk, Saffron Building Society also offers savings and investment products for businesses.

Saffron Building Society Business Banking

Business e-saver account (Issue 8)

Businesses can save with a minimum deposit of £10,000 and manage the account entirely online. This is an easy access account giving you the freedom to withdraw whenever you want. Interest rates are 0.10% Gross p.a./AER and are paid annually. This account is eligible for a limited company, limited partnership, limited liability partnership or charity registered in the UK.

Corporate Maturity Account

An easy access account that can be opened with just £1. The maximum balance is £2 million and you can only open an account with funds from a maturing fixed-term Saffron Building Society corporate account. You can withdraw whenever you want but only through the post or in-branch. Interest rates are 0.05% Gross p.a./AER.

One Year Fixed Rate Corporate Bond

A fixed rate account – your business saves its money for 12 months at 0.20% Gross p.a./AER. The account can be opened with a minimum deposit of £5,000. This account is eligible for a limited company, limited partnership, limited liability partnership or charity registered in the UK.

Sports and Social Clubs Account

An easy access savings account for Clubs, Societies or Associations registered in the UK. You can open an account with just £1 and withdraw whenever you need to. The current interest rate is 0.05% Gross p.a./AER and the maximum balance is £2 million.

Saffron Building Society Business Finance

Saffron Building Society also offers a range of property finance products which include buy to let mortgages suitable for individuals, ex-pats and limited companies, and development finance that can lend from £500,000 to £3 million to developments in England and Wales.

Saffron Building Society Reviews and Ratings

Online reviews for Saffron Building Society are written by both personal and business customers and can refer to a range of products.

Most public reviews are on Smart Money People where the large majority of customers rate Saffron 5/5. Many of the new mortgage customers are pleased with Saffron’s specialist buy-to-let products for British ex-pats and the savings products. They’re also happy with the efficiency of the service and customer service.

Trustpilot reviews are more critical with more 1/5 ratings than 5/5.

Trustpilot – 2.5/5 (based on 18 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – 4.83/5 (based on 1,010 reviews)

Pros

  • Specialist in buy-to-let mortgages.
  • Mainly positive reviews across the different products.

Cons

  • Limited to mortgages and savings products.

Website: Saffron Building Society Business Finance

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