Saga savings for over 50s
Saga Personal Finance has launched two new fixed-rate savings accounts for investors aged 50 plus.
An interest rate of 4.35 per cent is available on the firm's four-year fixed-rate account, which is aimed at savers who want their cash to mature for a longer period.
Meanwhile, a rate of 4.15 per cent is available for savers who wish to invest their money for a shorter period of two years.
Both accounts allow customers to withdraw money during the fixed term but a penalty of 90 days' interest will be applied.
According to a Saga spokesperson said this flexibility meant customers had the peace of mind that in the case of financial difficulty their cash was still close at hand.
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