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Saga Secure Savings Account Annual Interest
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Interest Rates
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Balance
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AER*
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Gross**
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Net***
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£1,000 + |
4.75% |
4.75% |
3.80% |
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Saga Secure Savings Account Monthly Interest
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Interest Rates
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Balance
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AER*
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Gross**
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Net***
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£1,000 + |
4.75% |
4.65% |
3.72% |
Based on the Bank of England Base Rate of 5.00%. Interest rates are correct as at 1st May 2008.
Rates are variable and subject to change.
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An attractive interest rate securely linked to the Bank of England Base Rate
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Easy access to your savings by telephone. Lines are open 8am-8pm Monday to Saturday for account transactions
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Easy access to all your funds by telephone
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No penalties for withdrawing funds
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Save from £1000
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Interest paid monthly or annually
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Provided by Birmingham Midshires, a division of Bank of Scotland plc
Whereas other accounts may tempt you in with an initially high rate, only to become less competitive when the offer period ends, the very least the Saga Secure Savings Account will pay is 0.25% below the Bank of England base rate for balances of £1,000 and above.
This means that whatever happens to the base rate, your savings rate will rise or fall in response. This ensures that you will always receive a transparent return on your investment, without the need to keep switching accounts.
* AER stands for Annual Equivalent Rate and represents the rate effectively received by the customer if interest applied during a year remained in the account and itself earned interest. As every advert for a savings product (where a rate is displayed) will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.
** Gross is the rate of interest paid without deduction of tax to eligible non-taxpayers.
***Net is the rate of interest paid after the
deduction of tax at the current rate of 20%.
The Saga Secure Savings Account is available only to UK residents (including the Channel Islands and the Isle of Man). The information in this site relating to the Saga Secure Savings Account is not directed at anyone other than UK residents and applications from others will not be accepted. The information contained in this site relating to the Saga Secure Savings Account may not satisfy the laws of any other country. The telephone number only applies to phone calls made from within the UK.
The deposit taker for the Saga Secure Savings Account is Birmingham Midshires, a division of Bank of Scotland plc,
which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and
its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ.
Bank of Scotland is a member of the Financial Services Compensation Scheme under the Financial Services and Markets
Act 2000. Where a customer has made deposits in a savings or bank account, payments under the scheme are limited
to 100% of the first £35,000, subject to a maximum payment to any one depositor of £35,000. This limit applies
provided the insolvency or other default of the bank or firm concerned takes place after 1st October 2007. Please
note that accounts with Bank of Scotland include accounts in its divisions and trading names, for example, Halifax,
Intelligent Finance and Birmingham Midshires. Most deposits denominated in sterling and other European Economic
Area currencies and euro made with offices of the bank within the European Economic Area are covered. There are
different levels of protection for other investments covered by the Financial Services Compensation Scheme.
Further details of the scheme are available on request.
Bank of Scotland plc is a member of The British Bankers' Association and subscribes to the Banking code, copies of
which are available upon request.
Saga Personal Finance Limited is authorised and regulated by the Financial Services Authority and is entered on their
register under number 178922 www.fsa.gov.uk/register/.
Saga Personal Finance Limited
Registered Office: The Saga Building, Enbrook Park, Folkestone, Kent CT20 3SE. Registered in England No. 3023493.
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For more information,
please call
0845 850 0664
quoting reference 5S658
Lines are open 8am-8pm Monday to Saturday.
Calls may be monitored or recorded for training and security purposes
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| Saga's full range of Savings and Investment products and information: |
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Important information:
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