Saga launches new 2 Year Fixed Rate Savings Account paying 2.10%

Friday 18 July 2014

• New account offers a fixed interest rate of 2.10% gross/AER with interest paid annually* • Available from 18th July 2014 • Monthly interest option also available paying 2.08% Gross / 2.10% AER • Limited issue postal account • Minimum balance of £1, up to £10m • Withdrawals allowed by post subject to a charge**

Saga launches new 2 Year Fixed Rate Savings Account paying 2.10%

Saga Savings today announce the issue of the new Saga 2 Year Fixed Rate Savings Account, rewarding savers who deposit a minimum balance of £1 up to £10m with an attractive 2.10% GROSS / AER* fixed with interest paid annually.

The new, limited issue, account is available from 18th July and customers will be able to access funds by post subject to a charge**.

Andrew Strong, chief executive, Saga Personal Finance, commented: “This new attractive rate is ideal for savers who want peace of mind with a set rate of interest. As with all of Saga’s accounts there is the option for people to receive their interest monthly or annually, which is key for many over 50s who rely on their savings to boost their monthly income.”

Full rate details are in the table below:

 

    Annual Interest Monthly Interest
Term Minimum Balance

Gross*

%

Net %
 AER%**

Gross* %

Net %
AER%**
2 Year
£1
2.10
1.68
2.10
2.08
 1.66 2.10

 

 

Annual Interest

Monthly Interest

Term

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