SAGA has unveiled a competitive new easy access account that has leapt straight to the top of the Moneyfacts charts for its sector.
Internet Saver (Issue 16) pays a market-leading 1.55% yearly, which includes a 1.05% bonus for 12 months. A monthly option paying 1.54% monthly (with a 1.04% bonus) is also available.
This account, as the name suggests, is opened and operated online with an initial deposit of at least £1,000. It is only available to those aged over 50.
Further additions are welcomed and unlimited, penalty-free withdrawals are also permitted. All transactions must take place through a nominated account.
This easy access deal is operated by Birmingham Midshires.
This no notice account offers a market-leading rate, which is sure to reel in the more mature investor. The ability to add and withdraw funds without restriction is also very attractive and the monthly interest option adds flexibility. However, the competitiveness of this account must be re-evaluated in a year's time when the introductory bonus period expires.
Four Moneyfacts Stars have been awarded.
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