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Fix it with SAGA

Fix it with SAGA

Category: Savings

Updated: 27/01/2010
First Published: 03/11/2009

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 It is now over 6 months old so the content may be out of date.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 fixed rate bond paying a competitive rate that should appeal to a number of investors aged 50 and over.

The 4 Year Fixed Rate Savings Bond Issue 1 is a telephone operated account maturing on 16.12.13 with a minimum investment of £1K paying 4.60% yearly.

Earlier access on closure only on 120 days' loss of interest and further additions not permitted. The product is operated by NatWest and investors must open a NatWest First Reserve account at time of opening for transactional purposes.

0.25% below base rate is paid until the term starts on 16.12.09. All funds received before the start date will be held in NatWest First Reserve account. Interest on deposits of £50K or more is paid gross on this account which is available until 14 December 2009.

Paying 4.60%, this account sits just below the market leaders in its field and is well worth four out of five Moneyfacts stars.

Compare long term fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.