New Four Year Fixed Rate Saving Account with interest rate of 4.35%AER*
New Two Year Fixed Rate Saving Account with interest rate of 4.15% AER*
Saga Personal Finance today announced that it is increasing its choice of fixed rate saving accounts to include two new highly attractive and competitive products for the over 50s.
The new four year fixed rate savings account offers a highly competitive AER rate of 4.35% and guarantees to offer the customer this fixed return on savings over a four-year period.
The new two year fixed rate savings account will offer AER of 4.15% and again guarantees to offer the customer this return for the entire two years.
Both accounts also offer more flexibility than other fixed rate accounts available on the market, as they allow customers to withdraw money from them during the fixed rate term of investment**. This gives consumers the peace of mind that in case of financial difficulty, their cash invested in these products is still close at hand.
For further information about all Saga Saving Accounts please visit saga.co.uk/onlinesavings or call 0845 850 0664
*AER stands for Annual Equivalent Rate and represents the rate effectively received by the customer if interest applied during a year remained in the account and itself earned interest. As every advert for a savings product (where a rate is displayed) will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
**Penalty of 90 days interest applicable.
For further press information please contact the Saga Press Office on: 01303 771529.