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.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.