Saga hits £3bn savings deposits mark

Saga has announced that customers have now deposited over £3bn across all of its savings products, and that it has seen more than 50 per cent growth in deposits since the start of the year.

Paul Green, head of communications, commented: "In uncertain times, people are turning to British brands they trust and at the same time offer good rates. Saga has benefited from this flight to quality. We predict that with the current economic crisis panning out before them, people will be more inclined to go with a well known provider when they are next making decisions in the financial marketplace."