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SAGA does it for the over 50s

SAGA does it for the over 50s

Category: Retirement

Updated: 31/03/2011
First Published: 31/03/2011

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 It is now over 6 months old so the content may be out of date.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 improved the rate of interest on its no notice ISA Saver account that is available to those aged 50 and over.

The second issue of the cash ISA account pays 2.80% (2.76% monthly) on a minimum investment of £500.

The account is operated by post and includes a 1.20% (1.17% monthly) bonus for 18 months.

Transfers in are permitted and transfers out can be made without penalty.

Paying 2.80%, it sits within the top ten variable rate ISA products.

Clients must remember to undertake a review after 18 months when the bonus expires to ensure the product is still competitive in order to obtain the best returns from their investment.

Four out of five Moneyfacts stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.