SAGA’s 1-yr bond enters the charts | Product News - Moneyfacts

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SAGA’s 1-yr bond enters the charts

SAGA’s 1-yr bond enters the charts

Category: Savings
Date: 22/05/2015

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 It is now over 6 months old so the content may be out of date.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 launched a new one-year bond onto the market, securing it a top-10 position for its competitive rates and terms.

The basics…

1 Year Fixed Rate Savings pays 1.75% on maturity (1.74% monthly), which allows it to sit among the top 10 accounts of its sector.

The finer details…

This postal-operated account can be opened by phone or online with a minimum deposit of just £1. Savers should note that this account is exclusively for those aged 50 and over.

As with many fixed rate deals, this account does not allow further additions or early access to funds. Savers must therefore be happy with the amount they invest and the term of the bond from the beginning.

Why we like it…

Eligible savers are likely to be intrigued by this new bond, which has entered the Moneyfacts charts for its competitive rate. An added bonus is the monthly interest option, which will appeal to those savers who are looking to supplement their income. However, early access to funds is not permitted, so savers must ensure that they are happy with the length of the one-year term.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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