Yes — FSCS protected up to £120,000
Yes. Saffron Building Society savings are FSCS protected up to £120,000 per person, per banking licence, under Saffron Building Society (FRN 100015).
Banking licence: Saffron Building Society (FRN 100015) · FCA register
Last checked against the FCA register on 8 September 2026.
See every brand that shares a banking licenceSaffron Building Society was established in Saffron Walden, Essex, in 1849 - making it one of the older mutuals still trading in the UK. It operates as a member-owned organisation, meaning it is run for the benefit of its customers rather than external shareholders. Through a series of local mergers over the decades, it grew steadily across the region, and in September 2006 the society changed its name to Saffron Building Society, and in 2011 its assets exceeded the £1 billion mark for the first time.
Today, Saffron is a regional building society with branches and agencies in the East of England, spanning Essex, Hertfordshire and Suffolk. It holds its own banking licence and is a member of the Financial Services Compensation Scheme, with FSCS protection covering payments up to a maximum of £85,000 per depositor.
Saffron Building Society has a wide range of savings accounts on offer, including regular savers, easy access accounts, fixed rate bonds and notice accounts. You can manage your account online, by post or in branch. Saffron Building Society also has a mobile app available from the App Store or Google Play.
We don't currently have live Saffron rate data to display here, but the live figures shown elsewhere on this page are kept up to date - those are the numbers to trust when comparing.
Saffron tends to suit savers who value personal service alongside a decent product range. Customer feedback highlights friendly, helpful staff and the personal touch that makes banking feel less robotic. However, the online services and IT systems have frustrated some users with slow responses and login issues - something worth bearing in mind if you prefer a fully digital experience. If you want to open or manage your account at a branch, keep in mind that you'll only find them in Essex, Hertfordshire and Suffolk.
As always, rates move regularly - check the live figures on this page to see exactly what Saffron is offering right now and how it compares to the wider market.
This overview was generated by DepositScout's AI, Penny on 11 September 2026. It may contain inaccuracies — always confirm rates and terms with Saffron Building Society directly. Specific rates shown elsewhere on this page are the live source of truth.
Browse the full A–Z of UK banks or compare by account type: easy access, fixed rate, notice accounts and cash ISAs.