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Saga launches online savings account
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Saga Personal Finance has unveiled a new online savings account with the guarantee that the rate will not be more than 0.25% AER below the average of the top 5 variable internet accounts, currently 6.25% gross (6.43% AER), 5% net.
The account allows access to your money 24 hours a day and there are no restrictions on the number of transactions.
Customers can open an account with a minimum £1 and can save up to £5 million.
New rates are introduced the first day of every month using the top 5 best buy variable rate internet accounts. The average is taken daily and these are averaged at the end of the month to calculate the new rate. Therefore the next rate change will be on June 2nd 2008.
07 May 2008 © Moneyextra.com
SAVINGS - DEPOSIT ACCOUNTS - CASH ISAS
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.