News Tag: Saga
September 23, 2009
Older savers are being kept in the dark as to how much they will be able to invest tax-free when the ISA limit increases for over-50s next month.
Research by Saga found just one in twenty of over-50s know what the new ISA limits will be.
More than half of those polled were oblivious to any changes happening at all.
Saga said its research demonstrates ...
Over-50s unaware of ISA changes
by David Masters
September 8, 2009
Nearly two thirds of UK consumers are oblivious to how much interest their savings are earning, new research found.
Saga Personal Finance discovered 61% of Brits don't know the interest rate on their savings account. This increased to 68% for savers aged under 50.
Almost a quarter (24%) of those polled said they only check interest rates when they open a savings account.
A ...
Brits oblivious to interest rates
by David Masters
September 6, 2009
Half of Brits over 50 use more than one credit card to manage their finances, research by Saga has discovered.
One in fourteen (7%) of over 50s carry five or more credit cards in their wallet.
However, almost three quarters (73%) of over 50s have never missed a payment deadline, compared to half (53%) of borrowers under 50.
Of those with more than one ...
Over 50s use multiple credit cards
by David Masters
August 11, 2009
British drivers treat their cars as high security vaults, collectively storing an estimated £3.8 billion worth of gadgets and accessories in their vehicles, research by over 50s insurance specialist Saga has discovered.
The study found that one in five (22%) motorists over 50 keep valuables worth more than £200 in their car.
This exceeds the average cover for personal possessions ...
Drivers use cars to store £3.8bn of gadgets
by David Masters
June 30, 2009
DIY Brits planning to do up their homes on the cheap should check their home insurance policy covers them for any DIY blunders before they get out the toolbox, Saga Insurance warned this week.
The over-50s insurance specialist issued the warning to coincide with new research showing that DIY is a popular past-time with the older generation.
Three quarters of over-50s opt ...
Does your home insurance cover DIY blunders?
by David Masters
June 25, 2009
Saga is offering customers with breakdown assistance cover the chance to upgrade to a new policy that includes breakdown repair production.
The over-50's insurance specialist said the new policy covers customers for up to £500 for labour and parts if their vehicle is so damaged that it cannot be repaired at the roadside and needs taking to a garage.
Breakdowns due to ...
Saga adds breakdown repair to roadside cover
by David Masters
May 29, 2009
Saga has launched a new 15-month fixed-rate bond paying interest at 3.82%.
Launched yesterday, the Saga Personal Finance Bond guarantees the fixed-rate for the duration of the bond.
Savers can open the bond for as little as £1, and can opt to have interest paid on a monthly or yearly basis.
Saga said being able to choose monthly interest payments gives savers “greater control over ...
Saga launches 3.82% 15-month bond
by David Masters
April 23, 2009
Saga is offering accident healthcare cover to its car insurance customers.
The financial provider, which specialises in providing cover for the over 50's, said the optional add-on gives drivers peace of mind should they be injured in a road traffic accident.
Saga said it decided to offer the add-on after it discovered that ill health is a major cause of stress and anxiety ...
Saga offers road accident healthcare cover
by David Masters
April 9, 2009
Saga has reduced the APR on its Platinum credit card to 11.9% for both new and existing customers.
The over-50s financial provider reduced its rate from 15.9% at a time when many other credit card providers are increasing APR.
New customers taking out the Platinum card also benefit from 0% on balance transfers and purchases for nine months.
Other benefits of the ...
Saga cuts APR on credit card to 11.9%
by David Masters
March 27, 2009
Saga Personal Finance has announced plans to launch two new ISA products on 1 April, paying interest at up to 2.95% tax free/AER.
The One Year Fixed Rate Cash ISA pays annual interest at 2.95% tax free/AER, whilst the Saga One Year Fixed Rate Monthly Interest ISA pays interest at 2.91% tax free or 2.95% AER.
Minimum deposit for both accounts is £1, and ...
Saga launches two new ISAs
by David Masters
March 23, 2009
Saga Personal Finance has launched two new fixed-rate savings accounts for savers aged 50+.
The eighteen month account pays interest at 3.45% AER, whilst the two year account pays 3.5% AER.
Savers can opt to have interest paid on a monthly or a yearly basis, although no funds can be withdrawn from either account during the account term.
Saga, which specialises in providing financial ...
Saga fixed-rate savings account pays 3.5%
by David Masters
March 11, 2009
March is traditionally the month when drivers renew their insurance policy, and according to research by Saga, nearly three million motorists have downsized to a smaller car in recent months to save on insurance costs at policy renewal.
Eight percent of motorists - 2.7 million drivers -have opted for a car with a smaller engine to reduce their monthly insurance ...
British drivers downsize to save on insurance costs
by David Masters
