SAGA new Internet Saver Account
Saga Personal Finance (saga.co.uk) has expanded its range of savings products by the launch of the Saga Internet Saver, an online easy access savings account with an attractive AER of 2.75%.
The product was made available last May to UK residents aged 50 and over. The interest rate is variable and includes a first year bonus of 1.00% gross.
The account offers flexible saving on balances of £1 to £1million, as well as unlimited internet access to the account. There are no notice periods or fees for withdrawals and customers have a choice of yearly or monthly interest options. There is also no restriction on the number of transactions customers can make, providing peace of mind that their rainy day savings are close at hand, should they need them.
Following the Saga tradition of providing value for it’s loyal savers the account comes with a guarantee that after the first 12 months the interest rate will never be more than 2% below the Bank of England Bank Rate with a minimum rate of 0.25% AER and a maximum cap of 8%.
