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SAGA top 5 account

This instant access account has now been removed from the SAGA website and is no longer available to new savers. I called SAGA and was informed that it remains open for existing savers with the interest rate still (at present) 5.55%. A top earner so far.
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Comments

  • Stompa
    Stompa Posts: 8,392 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It was supposedly paying 5.66% yesterday:

    https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=179544

    It's odd that the current rate doesn't seem to appear on the Saga website.
    Stompa
  • JYK
    JYK Posts: 21 Forumite
    Thanks stompa, the rate remains at 5.66 not 5.55. As I found, all reference to this account has been removed from their website.
  • I had a bit of a shock over this too - seemingly the account having changed. I loged into my account to find it still showing as 5.66%. Hope it doesn't plummet too quickly - I only put some in there a week ago!

    Also you can find the historical rates (and hence current for this account) by clicking the Historical Rates link in the Find out more: box to the right after you go to any of their available accounts.
  • dougs
    dougs Posts: 617 Forumite
    Hope it doesn't plummet too quickly - I only put some in there a week ago!

    As it tracks the top 5 paying accounts on a monthly basis, expect a huge drop in the rate they pay when they recalculate the top 5 again next month
    :(
  • Stompa
    Stompa Posts: 8,392 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Also you can find the historical rates (and hence current for this account) by clicking the Historical Rates link in the Find out more: box to the right after you go to any of their available accounts.

    Thanks, that's quite well concealed - but at least it's there!
    Stompa
  • Saga have pulled their tracker account from the market!
  • cos69
    cos69 Posts: 413 Forumite
    Its a very good account, they have been consistently paying higher than the average because they recalculate end/start of the month. Glad I got one when I did a month or so back.

    Also, saves having to keep moving your money around every few months as other accounts sink, it will always be in the top 5 tier of instant access accounts.
    "How could I have been so mistaken as to trust the experts" - John F Kennedy 1962
  • It was pulled cease trading 10/12.

    gary
  • I have just logged into my account after seeing on this thread that it has been pulled. It is still paying 5.66%, but not for long I suspect.
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