SAGA
Telephone Saver Issue 16
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General

Gross Interest Rate1.35% - including a bonus of 0.85% for 12 months

0.50% - £1 - £999.00
AERAs above

Opening

Method of opening accountTelephone
Minimum age of account holder50
Minimum deposit£1
Maximum deposit£1,000,000
Contact details for opening0845 850 0664
Saga Personal Finance, Enbrook Park, Sandgate, Folkestone, Kent CT20 3SE.

Ongoing

Go to SAGA Website
Frequency interest paidAnnually - a monthly option is also available
Interest fixed untilVariable
Details of any bonus rates0.85% bonus for 12 months for balances of £1,000+
Minimum ongoing balance£1, but bonus only paid for balances over £1,000
Compound interest or paid into separate accountBoth

Closing/Accessing funds

Withdrawals allowedYes
How withdrawals are madeTelephone
Early access penaltiesNo
Notice requiredNone