saga fixed 6/12 months over 50's

jcl_2

6.92% 6 or 12 months investment monthly income option (over 50's)


http://www.saga.co.uk/money-shop/savings/fixed-rate/


Regards
jcl

Satscene

heads up on Saga small print.........

"Saga savings accounts are provided by Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority"

Thomas_Crown

jcl wrote: »

6.92% 6 or 12 months investment monthly income option (over 50's)

UP TO 6.92%


ie. 6.92% over 6 months

or 6.55% over 12 months

bjorn_again

Ok, for me a layman.
I already have a Saga Top 5 Tracker a/c in my own name with £35k invested. I have no other savings with BoS. Can my wife open one of these up to £50k, with both of us staying within the FSCS guarantee scheme, and how "safe" is BoS or does that even matter. Appreciate some advice as I need to unload some Abbey, about £40k's worth.

opinions4u

bjorn_again wrote: »

Ok, for me a layman.
I already have a Saga Top 5 Tracker a/c in my own name with £35k invested. I have no other savings with BoS. Can my wife open one of these up to £50k, with both of us staying within the FSCS guarantee scheme, and how "safe" is BoS or does that even matter. Appreciate some advice as I need to unload some Abbey, about £40k's worth.

1. Your wife has an individual FSCS allowance with each institution so yes, she can have one.
2) Bos (or Halifax Bank of Scotland, HBOS) has wobbled with the rest of the banks of late and is being propped up by two key actions; (i) Merger with Lloyds; (ii) Recapitalisation and guarantees of funding by the Government.

If politicians allowed the nation's biggest savings institution to collapse, nobody would ever vote Labour again. The social consequences of an HBOS collapse that costs saver money is probably along the lines of looting, guns and living back in caves.

Your money is safe, and using the FSCS limits too makes it that little bit safer.

Neil_G_2

Hello, please allow me to join the conversation. I work on behalf of Lloyds TSB and having read through these posts I would like to direct you to the new pages Lloyds TSB has added to its website. These aim to answer users’ questions about the proposed HBOS acquisition. More information is being added all the time, so do keep checking what’s online there at www.lloydstsb.com/hbosacquisition. I hope you find this useful, Neil.