The new account will facilitate savers with an option to benefit from the annual Britannia membership reward that will return a share of the society’s profits to its members, subject to scheme rules.

Tim Franklin, managing director of member business at Britannia, said: Saving regularly is a good habit to have and this product makes it really easy. With a minimum monthly investment of just GBP25 it offers a great rate, with no risk, and at the end of the twelve months savers will get a great return on their investment.