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Saga 18 month fixed rate account & 5 year bond (Over 50's only for the bond)

Steve_xx Posts: 6,979 Forumite

21 July 2009 at 4:51PM in Savings & investments

Saga will launch a fixed rate savings account and a new 5 year bond on 24 July:

18 MONTH FIXED RATE SAVINGS ACCOUNT: a post and telephone operated 18 month fixed term account with a minimum investment of £1 paying 3.65% yearly (3.59% monthly). Earlier access and further additions not permitted.

5 YEAR FIXED RATE SAVINGS ACCOUNT: Available to those aged 50 and over. A post and telephone operated 5 year fixed term account with a minimum investment of £1 paying 5.00% yearly (4.89% monthly). Earlier access on 90 day loss of interest. Further additions allowed whilst issue remains open. Available to those aged 50 and over.

This bond might appeal if you think you may have to take advantage of the 90 notice, when there will be loss of interest. Note: at this point it isn't clear if the loss of interest is on the amount withdrawn only, or on the total balance.

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Saga 18 month fixed rate account & 5 year bond (Over 50's only for the bond)

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