Financial Services > e-banking > Banking news
New online account launched by Saga

Wed, 19 May 2010

A new, easy access, online savings account has been launched by Saga Personal Finance . The account, called the Saga Internet Saver, provides an annual equivalent rate of 2.75 per cent and a variable interest rate with a first-year bonus of one per cent gross, and is open to all new and existing UK account holders aged 50 or over.

This new savings account offers flexible savings on balances between GBP1 and GBP1 million, and online access at any time of day or night.

With no notice periods or fees for withdrawals, the account is a quick and simple means of saving, especially as Saga have guaranteed that the interest rate on the account will never be higher than 2 per cent below the Bank of England base rate, to a minimum of 0.25 per cent and maximum of 8 per cent.

Ali Crossley of Saga said "We appreciate that the over-50s expect their savings to work hard for them and bring them a decent income in retirement . This variable account, allowing customers to access their savings online, is the latest addition to our range of high interest savings options to suit all needs."
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