Rate rise for SAGA two-year bond | Product News - Moneyfacts

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Rate rise for SAGA two-year bond

Rate rise for SAGA two-year bond

Category: Savings
Date: 18/07/2014

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 It is now over 6 months old so the content may be out of date.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 increased the rate paid on its two-year bond to 2.10% yearly, moving it into the Moneyfacts best buy charts.

The basics… Following a rise of 0.10%, Two Year Fixed Rate Savings now pays 2.10% yearly, making it a top 10 account when compared with similar offerings.

The finer details… The bond requires a minimum deposit of £1, but will not accept further additions.

It is possible to access funds early, although up to 180 days' interest will be lost, depending on the term remaining.

The bond can be opened over the phone or online, but must then be operated by post.

It is only available to savers who are 50 years or more.

Why we like it…

With a rate on the rise, and the option to access funds early if needed, this bond is an excellent option for the older saver.

Four Moneyfacts Stars have been awarded.

What Next?

Compare the best savings accounts in our best buys

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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