Saga launches new savings products

RNS Number : 4931O

SAGA PLC

02 October 2019

 

2 October 2019

Saga plc

Saga launches new savings products with Marcus by Goldman Sachs

Saga plc ("Saga") today launches two new savings products with its recently appointed savings partner, Marcus by Goldman Sachs. 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. It delivers a highly competitive interest rate of 1.4% AER* (variable) with no penalties for everyday withdrawals.

·     Saga 1 Year Fixed Rate Saver offers security and certainty to customers with the guarantee of a 1.15% AER** (fixed) interest rate on deposits.

Exclusively available direct from Saga, both products benefit from Saga's telephone support service for customers and access to its membership programme, Saga Possibilities.

Lance Batchelor, Chief Executive Officer of Saga said: "We are excited to collaborate with Marcus by Goldman Sachs to offer our customers these exciting new savings products. 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."

Notes:

 *Interest rate is 1.4% AER / 1.39% gross, variable, and includes a bonus rate of 0.25% which ends after 12 months. Rate correct as at 02/10/19.

**Rate correct as at 02/10/19.

ENDS

For further information please contact:

Saga plc

For investor queries:

Mark Watkins, Investor Relations Director                        Tel: [phone]

Email: [e-mail]

For media enquiries

Lisa Harris, Head of Communications                                 Tel: [phone]

Email: [e-mail]

MHP Communications

Tim Rowntree/Simon Hockridge                                          Tel: [phone]

                                                                                                   Email: [e-mail]

Marcus

3 Monkeys Zeno

Katie Swain / Meghan Henricks                                            Tel: [phone]

 Email: [e-mail]

Notes to editors About Saga

Saga is a specialist in the provision of products and services for life after 50. The Saga brand is one of the most recognised and trusted brands in the UK and is known for its high level of customer service and its high quality, award winning products and services including cruises and holidays, insurance, personal finance and publishing. www.saga.co.uk

About Marcus by Goldman Sachs

Marcus by Goldman Sachs is an online bank offering an easy-access online savings account. Marcus is built on the expertise of Goldman Sachs, combining the firm's 150 years of experience with the innovation and approach of a cutting-edge tech company and has been operating in the US since 2016, with the UK launch marking its first international expansion.

Marcus by Goldman Sachs® is a registered trademark and trading name of Goldman Sachs International Bank. Goldman Sachs International Bank is registered in England and Wales (no. 1122503), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Financial Services Register number is 124659. The registered office is at Peterborough Court, 133 Fleet Street, London, EC4A 2BB.

 

END

 

 

NRAFSFSAEFUSELS