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Saga launches new savings product

Saga Personal Finance has launched its One-Year Fixed Rate Bond, a new savings product with 6.71% gross/AER.

The Saga One Year Fixed Rate Bond is aimed at investors who do not require access to their money during the term of the investment, but want the choice of having their interest paid annually or monthly.

Saga said that the new bond widens the portfolio of savings products available through the company. The bond, which is only available on limited issue, will be closed once it is fully subscribed.