Stroud & Swindon is launching a new savers account through it's direct arm. Savers can receive a rate of 5.25% by investing in the new account. The current rates include a 0.25% introductory bonus.
The minimum initial deposit is £5,000 while the maximum is £500,000. Savers can arrange to withdraw funds direct to their bank account up to three times in any one calendar year. There are no charges for withdrawals, which must be above £1,000. Additional deposits in excess of £1,000 can be made at any time.
The Direct Premium Saver Account is available from 4 July.