Saga launches new savings accounts

Friday, 09 April 2010 12:00

Saga has launched two new savings accounts.

The first is a five-year trigger market linked deposit, which has a rate of 6.25 per cent AER that stays the same as long as the performance of the FTSE 100 does not drop between initial and maturity index readings during the account's term.

Meanwhile, the easy-access Saga Isa Saver Postal offers a variable rate of 2.6 per cent to customers aged 50 and over and pays bonuses on a monthly or 18-monthly basis.

"We understand that the over-50s need their savings to work hard for them and that the needs of individuals vary, so choice and flexibility are key," says Andrew Goodsell, executive chairman of Saga.

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