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Product Focus: Silver Saver Accounts

Product Focus: Silver Saver Accounts

Category: Savings

Updated: 21/01/2010
First Published: 18/06/2009

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 It is now over 6 months old so the content may be out of date.

By the time people reach the later stages of their life, many have accumulated a reasonable amount of savings. It is for this reason that they are a lucrative market for the banks and building societies and many providers have products specifically aimed at older customers.

Stroud and Swindon Building Society – 50 Plus Notice

The 50 Plus Notice account from Stroud and Swindon Building Society is open to customers aged 50 years and over. The account pays 3.20pc, including a 1.20pc bonus until 30 June 2010. Customers looking for a regular income can opt for monthly interest, which pays 3.15pc. Between £1,000 and £500,000 can be invested into the account. If a withdrawal is required savers must give 90 days' notice or lose 90 days' interest if earlier access is required.

West Bromwich Building Society – High Income Over 65 Notice

Savers aged 65 years and over can invest money in the High Income Over 65 Notice account from West Bromwich Building Society. The account pays 2.80pc from £5,000 and 3.05pc from £100,000 up to a maximum of £250,000. To access funds, savers must give 90 days' notice or lose 90 days' interest for earlier access.

United Trust Bank – 50 Day Notice (Over 50s)

The 50 Day Notice (Over 50s) account from United Trust Bank is currently paying 2.50pc. Savers can invest between £500 and £500,000 into the account, which is operated by post, fax or telephone. If a withdrawal is required savers must give 50 days' notice, earlier access is not permitted.

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 Any products featured may be withdrawn by their provider or changed at any time.

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