Saga increases selection of over-50s fixed-rate savings accounts

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Saga increases selection of over-50s fixed-rate savings accounts

Over-50s who are trying to put a few pennies away during the recession may be pleased to find that Saga is offering them a helping hand by expanding the choice of fixed-rate savings accounts it currently has on offer.

Firstly, the group has introduced the new four-year fixed-rate savings account, which offers an AER of 4.45 per cent and promises a fixed return on savings for its duration.

The second account being introduced is a two-year fixed-rate example, which offers an AER of 4.15 per cent and gives savers this return rate for as long as it runs.

Furthermore, both accounts offer customers the flexibility to withdraw their funds within the fixed-rate term, in case their money needs to be tied up elsewhere.

Saga also recently threw a lifeline to over-50s with property abroad by making improvements to its holiday home insurance scheme.

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