New Saga online top 5 tracker account

Saga Personal Finance has announced the launch of a new online saving account guarantee that offers savers the reassurance that the rate on their savings will not be more than 0.25% AER below the average of the top 5 variable internet accounts, currently 6.25% Gross (6.43% AER).

The new guarantee gives people the peace of mind that with the Saga online top 5 tracker account they are receiving a consistently competitive rate on their savings not just a high headline rate that could be arbitrarily cut at anytime.

The account allows access to your money 24 hours a day and there are no restrictions on the number of transactions. Customers can open an account with as little as £1 and can save up to £5 million.

Andrew Goodsell commented: "Saga's new account further demonstrates our commitment to offering savers a guarantee of stability. Unlike many providers we aren't just offering this rate to new customers, all of our existing online savings account customers will also automatically receive this enhanced rate".

For further information about the Saga Online Top 5 Tracker Account, available from 7th May 2008, please visit saga.co.uk/onlinesavings.