Saga Announces Savings Account Guarantee

Published: 5/10/2010

The personal finance arm of Saga Insurance has just brought out a new interest rate guarantee for their online savings account.

The online savings account is now guaranteed to offer an interest rate that will always be with a quarter of a percent of the top 5 variable rate accounts average. Saga Insurance personal finance division has calculated that the average rate as it stands is 6.25 percent gross, working out to 6.43 percent AER.

New customers can sign up to the new savings account online at the Saga Insurance website, whilst existing online savings account customers will see their interest rates changed automatically. The account only needs a deposit of one pound to open and as such offers an extremely attractive rate.