Over 50s provider Saga has launched a competitive new instant-access savings account.
Available from 14 May, the account pays a rate of 2.75% and will feature in our online instant-access Best Rate table from next week. The rate includes a 1% bonus payable for a year.
The Saga deal is on a par with accounts from Alliance & Leicester and Birmingham Midshires, and only narrowly beaten by the AA’s table-topping Internet Extra 2 account paying 2.80%, which includes a 2.3% bonus payable for a year.
Although this is potentially a great deal for 12 months, don’t forget to shop around when the bonus rate expires to make sure you get a good deal on your savings.
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