Saga Fixed Rate Savings Accounts
Savings with guaranteed interest rates
UP TO4.35% AER*†
UP TO4.35% AER*†
Saga Fixed Rate Savings Accounts are ideal if you want to be sure of the exact rate of interest your investment will earn.
Our Fixed Rate Savings Accounts are for simple lump sum deposits designed for those looking for an attractive fixed rate. Your savings will be safe from fluctuations in interest rates during the term of the account.
Benefits of the Saga
Fixed Rate Savings Accounts
- A guaranteed and attractive interest rate
- Invest anything between £1 and £10 million per investor
- A choice of interest options and saving terms
- For 2 year terms and above, withdrawals are allowed subject to 90 days loss of interest on the amount withdrawn.
All Saga Fixed Rate Savings Accounts are available as Telephone/Postal accounts
Or, call the Saga Savings Team on
0845 850 0664
Lines are open 8am – 8pm, Monday to Saturday
The Saga 15 Month Fixed Rate Savings Account is also available as an internet account.
For more information on the Saga Fixed Savings Accounts
Saga Fixed Rate Savings Accounts
| Annual/Maturity | Monthly Interest | ||||||
|---|---|---|---|---|---|---|---|
| Minimum balance | Term | Gross%** | Net%^ | AER%* | Gross%** | Net%^ | AER%* |
| £1 | 1 year | 3.00 | 2.40 | 3.00 | 2.96 | 2.37 | 3.00 |
| £1 | 15 months | 3.85 | 3.08 | 3.82 | 3.78 | 3.02 | 3.82 |
| £1 | 2 years | 4.15 | 3.32 | 4.15 | 4.07 | 3.26 | 4.15 |
| £1 | 4 years | 4.35 | 3.48 | 4.35 | 4.27 | 3.42 | 4.35 |
Rates correct as at 1st June 2009
Things to note about Fixed Rate Savings Accounts
- You can apply for annual/maturity interest or monthly interest
- For monthly interest accounts, interest is paid on the first day of each month and cannot be paid back into the account. It can be transferred monthly to an external bank account, or into one of our easy access savings accounts. This means that the AER is for illustrative purposes only
- For annual/maturity accounts your interest will be paid annually on the anniversary of the first deposit and on maturity. It can be paid back into the account, transferred to an external bank account or into one of our easy access savings accounts
- Saga Internet Fixed Rate Savings Accounts are unavailable to joint account holders. You must set up a linked account in order to operate your account. A linked account must be a personal current account with direct debit facilities at a UK bank or building society in your name. The same conditions will apply to any new linked account you may set up in the future
- To take full advantage of this offer, your initial deposit should be for the full amount you would like to invest
- Access is not permitted for Fixed Rate Savings Accounts below a 2 year term, therefore you should only invest if you are certain you will not need to withdraw any of your money during the term
- Additional deposits will only be allowed whilst the issue remains open
- Each issue of this type of account has a limited amount of money that can be invested in it, so please invest early before the issue is fully subscribed.
All Saga Fixed Rate Savings Accounts are available as Telephone/Postal accounts.
Or to apply please call the Saga Savings Team on 0845 850 0664
The Saga 15 Month Fixed Savings Account is also available as an internet account
*AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest was paid and compounded once each year.
† 4.35% AER refers to the Saga 4 Year Fixed Rate Savings Account.
**Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
^Net rates are illustrative only, allowing for the deduction of income tax at 20%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.
Calls may be monitored and recorded for security and training purposes.
The deposit taker for Saga Fixed Rate Savings Accounts is Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered on the FSA Register and its number is 169628. Registered office: The Mound, Edinburgh, EH1 1YZ (Registered in Scotland No. SC327000).
‘Saga Savings Accounts’ is a trading style of Saga Personal Finance Limited, which is registered in England and Wales (Company No: 3023493) and is a wholly owned subsidiary of Saga Group Limited. Registered Office: Enbrook Park, Folkestone, Kent, CT20 3SE.
The Saga Fixed Rate Savings Accounts are available only to UK residents aged 50 and over.