Saga has launched a one-year fixed-rate savings account paying 3.75% on balances of £1 upwards, propelling the account to the top of the Which? Best Buy tables.
The new account from Saga is available to over-50s willing to manage their account online. Interest can be paid either monthly or at the end of the one-year term.
Which? senior researcher Martyn Saville commented: ‘This is an excellent, market-leading deal for savers looking to invest their cash for one year. Access to your savings during the year is not possible though, so you should only invest if you are certain you will not need to withdraw any of your money during the term.’
To compare this account with our other Best Buys, check out Which? fixed-rate savings reviews. Alternatively, if you don’t want to tie up your savings for a full year, we compare over 800 easy-access and notice accounts to find Which? Best Buy savings accounts.
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