Saga launches new ISAs
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Money News |
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Saga launches new ISAs
Thu 26th Mar 2009
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The two new offerings are a one-year fixed-rate cash ISA which pays interest annually at a rate of 2.95 per cent and a second fixed-rate ISA which offers a rate of 2.91 per cent on a monthly payments basis.
Saga, which specialises in financial services for older people, claims that the average ISA rate is currently 2.09 per cent, making its new offerings competitive.
The insurer added: "At a time when interest rates are plummeting it is critical for savers to ensure they are making the most of their money and, in particular their tax free allowance of £3,600."
Earlier this month, the Bank of England cut the base rate of interest by a further 0.5 per cent. The rate is currently the lowest it has ever been.
Click here for more banking news
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Related News : Saga |
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