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Saga launches account for web savvy over 50s

Saga launches account for web savvy over 50s

Category: Savings

Updated: 29/08/2017
First Published: 18/05/2010

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 It is now over 6 months old so the content may be out of date.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 account aimed at savers aged 50 or over who are comfortable with banking online.

The Saga Internet Saver is a notice account available to those aged 50 and over, paying a yearly rate of 2.75% (2.72% monthly) on a minimum investment of just £1.

The rate includes 1.00% bonus for the first year, and transactions must be made via a nominated account. The account is operated by Birmingham Midshires.

After 12 months the gross annual rate has an underlying guarantee to be no lower than the Bank of England base rate, with a minimum rate of 0.25% and a maximum of 8%.

Paying 2.75% this account is in the top ten in its sector, although investors should look at other options for their funds before the 12 months bonus period expires.

Four out of five Moneyfacts stars have been awarded.

Find the best savings accounts for you - Compare over 50's savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.