Fix it with SAGA - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Fix it with SAGA

Fix it with SAGA

Category: Savings

Updated: 27/01/2010
First Published: 03/11/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

SAGA has launched a new fixed rate bond paying a competitive rate that should appeal to a number of investors aged 50 and over.

The 4 Year Fixed Rate Savings Bond Issue 1 is a telephone operated account maturing on 16.12.13 with a minimum investment of £1K paying 4.60% yearly.

Earlier access on closure only on 120 days' loss of interest and further additions not permitted. The product is operated by NatWest and investors must open a NatWest First Reserve account at time of opening for transactional purposes.

0.25% below base rate is paid until the term starts on 16.12.09. All funds received before the start date will be held in NatWest First Reserve account. Interest on deposits of £50K or more is paid gross on this account which is available until 14 December 2009.

Paying 4.60%, this account sits just below the market leaders in its field and is well worth four out of five Moneyfacts stars.

Compare long term fixed rate bonds

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close