Saga launches 6.71% fixed rate bond

Saga Personal Finance is offering a new saving product with the launch of a new One Year Fixed Rate Bond. The bond offers 6.71% Gross/AER, making it one of the top UK based bonds on the best buy charts. This new product further widens the portfolio of savings products available through Saga.

The Saga One Year Fixed Rate Bond is aimed at investors who do not require access to their money during the term of the investment, but want the choice of having their interest paid annually or monthly. The latter option being popular with many Saga customers who want to receive a regular income from their savings.

The bond is only available on limited issue and once it is fully subscribed will be closed, so customers should apply quickly to avoid disappointment. Customers can apply for the bond via phone on 0845 850 0664 or online at saga.co.uk/savings.

Saga already offers a wide selection of savings products. These include the Saga Online Savings Account, Saga Secure ISA, Saga Secure Savings Account and fixed rate bonds. This allows Saga Personal Finance to offer saving solutions to meet the differing needs of most over 50s savers.