SAGA has launched a new issue of its 2 Year Fixed Rate Savings bond paying a highly competitive rate of 3.80% to savers aged 50 and over.
Investments range between £1 and £10 million and further additions can be made whilst the issue is open.
Funds can be accessed early, although this is subject to penalty depending on the outstanding term. Savers with up to two years remaining will incur 180 days' loss of interest, while those with a year or less will lose 90 days' worth of interest.
The account can be operated by post only.
This product has been awarded four out of five Moneyfacts stars.
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