Saga two year fixed rate bond launches

Paul Green, head of communications, Saga Personal Finance, comments on cash ISA rates for the over 50s: "Saga agrees that it is unacceptable for ISA providers to offer lower rates on products for over 50s than they offer on their standard ISA accounts. Many over 50s rely on the income from their savings in order to help fund their retirement. Our two year fixed rate bond, launched today, pays a market leading 3.85% AER on balances over £30k and a very competitive 2.5%AER on balances under £30k. All our savings products offer the option of monthly income as we know this is what many of our customers want."