Full product details for the Saga Telephone Saver Issue 7 savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts, structured investment plan and peer to peer saving.
A variable introductory bonus is payable, dependent upon the account balance, which for balances of between £1,000 and £24,999 is 1.50% and for balances for £25,000 and over is 1.70%.
Introductory Bonus Conditions
12 month intro bonus
Bonus Conditions - The introductory bonus is payable for 12 months from account opening.
Interest Rate Guarantees
aft 12 mths rate no < bbr -2% min 0.25%
After the introductory period has expired, the interest rate is guaranteed to be no lower than 2% below the Bank of England Base rate, in addition the account will not exceed 8% AER or be less than 0.25% AER.
Additional Account Required
Permanent UK Resident
This product is only available to individuals who are permanent UK residents.
Existing Customer Only
New Money Only
Minimum Initial Deposit
The minimum age for investors is 50 years.
There are no area restrictions that apply to this account