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Saga variable rate savings account paying 1.50%

10th September 2014 Print

Saga Savings has announced the issue of the new Saga Telephone Saver Account (Issue 14), rewarding savers who deposit a minimum balance of £1,000 up to £1m with an attractive 1.50%% gross / AER variable rate interest paid annually. The new, limited issue, account is available from 9th September and customers will be able to access funds by telephone.

Andrew Strong, chief executive, Saga Personal Finance, commented: “We are delighted to launch this new account, with its table topping interest rate to complement our suite of savings accounts. This new attractive rate is ideal for savers who want to make sure their money is working as hard as it can for them, while at the same time providing access to their savings should they need them. 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.”

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