Saga Personal Finance launches two new savings products

Saga Personal Finance is introducing two new saving products with the launch of the Saga One Year 8.00% Guaranteed Equity Bond and the new Saga Telephone Savings Account. These new products further widen the portfolio of savings products available through Saga.

The new Saga Telephone Savings Account has been launched for those customers that want quick access to their savings via the telephone and wish to always speak to a real person in the UK. The account not only offers no automated menu systems and UK only call centres but a high rate of 6.00% Gross/AER. The account offers unlimited withdrawals and no notice period requirement when making withdrawals.

The Saga One Year Guaranteed Equity Bond is aimed at investors who do not require access to their money during the term of the investment, and are looking for the potential exposure to increases in the FTSE 100 with the security of knowing their capital is not at any risk. The bond is linked to the performance of the FTSE 100 and offers a return of 8.00% gross/AER providing the average of the FTSE 100 Index has not fallen at the end of the one year term. If the FTSE 100 does fall during the year the customer can rest assured that their capital is protected and that they will receive 100% of the original capital investment back.

Andrew Goodsell, Chief Executive, Saga Group Ltd commented: “Recent research commissioned by Saga shows that over 50s represent 45% of all savers yet they hold 70% of all savings and investments in the UK. At Saga we understand that our customer’s like a choice and never more so than when making important decisions about where to place their hard-earned savings.”
Saga already offers a wide selection of saving products. These include the Saga Online Saving 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.

For further information about any of Saga Personal Finance saving products, visit saga.co.uk/savings.