(Alliance News) - SAGA PLC on Wednesday said it has launched two new products with its savings partner Marcus by Goldman Sachs.
The company, which provides products and services for people over 50 years old, said the two specialist products provide customers with the ability to make the most of their everyday savings without sacrificing interest rates.
Saga easy-access savings account is designed for customers who want regular, easy access to their savings, the company explained. It delivers an interest rate of 1.4% AER with no penalties for everyday withdrawals.
Meanwhile, Saga 1 year fixed rate saver offers security and certainty to customers with the guarantee of a 1.15% AER interest rate on deposits.
" Our strategic partnership with Marcus by Goldman Sachs supports our commitment to delivering highly differentiated, competitively priced products designed to meet the unique needs of our over 50s customers," said Chief Executive Lance Batchelor.
Saga shares were trading 1.0% lower on Wednesday in London at 52.20 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Saga (SAGA)