Over-50s financial savings accounts launched by Saga in partnership with NatWest

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Your help makes all of the distinction. Learn extra Saga has introduced a seven-year partnership with banking large NatWest to launch a brand new vary of financial savings merchandise for the over-50s.

The corporate, identified for its cruises and insurance coverage for this demographic, will first launch an prompt entry financial savings product later this 12 months, with extra monetary choices to observe.

The collaboration entails NatWest Boxed, the banking group's banking-as-a-service arm.

“This collaboration will allow Saga to supply easy-to-use services and products, drive elevated quantity and improved business phrases, and ship accessible and dependable customer support,” Saga mentioned.

The financial savings product will exchange Saga’s present prompt entry providing offered by Goldman Sachs for brand spanking new prospects.

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Saga is launching a collection of saving merchandise to assist folks aged 50 and over (PA Media) Saga mentioned there might be no change for patrons who already maintain a Saga prompt entry account, and the Goldman Sachs contract won't finish till September 2028.

Jerry Toher, chief govt of Saga Cash, mentioned: “Because the UK’s specialist in offering merchandise for folks over 50, this launch is an thrilling subsequent step in enhancing our cash provide.

“This can additional strengthen our place in offering aggressive and versatile financial savings merchandise, making certain that Saga stays probably the most trusted model for folks over 50 within the UK.”

Andrew Ellis, chief govt of NatWest Boxed, added: “Trusted manufacturers are effectively positioned to reward prospects for his or her loyalty, whereas holding their greatest pursuits at coronary heart.

“This partnership is a testomony to how main corporations, like Saga, can deploy new expertise like embedded finance to supply specialised services and products.”

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London-listed Saga struck a 20-year partnership for motor and residential insurance coverage with Belgian agency Ageas late final 12 months, whereas additionally agreeing to promote its underwriting enterprise Acromas to the group, which is able to full on the finish of the month.