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IF you are over 50 then the new Saga Secure mini cash ISA could be a good deal for you.

Launched by Saga Investment Direct, the account is guaranteed to be 0.25 per cent below the prevailing Bank of England base rate.

So the starting rate is 3.75 per cent based on the current Bank of England base rate of four per cent. And rates are widely expected to rise further.

The minimum investment is pounds 500, the maximum is pounds 3,000 a year and interest is paid annually or monthly after the first year. You can also invest matured TESSA account savings in the Saga ISA.

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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Feb 18, 2004
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