The Saga Online Savings Account provides a decent interest rate scheme together with easy access to funds. The account is available to UK residents who hold a current account and are 50 years old or above.
In the first year accountholders receive an interest of 0.55% above the Bank of England base rate for the first six months and 0.45% above the base rate for the second. The following year the interest rate equals the base rate and subsequent years the interest is calculated at 0.25% below the base rate.
Saga allows balances of between £1 and £5m, provides easy online access, the choice of monthly or annual interest and no restriction on transactions and transfers. For more information on the Saga Online Savings Account or to apply online please click on the links below.
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