Saga Secure Savings Account
Savings rates without a catch
Many accounts may tempt you in with an initially high rate, only to become less competitive when the offer period ends. Saga Secure Savings Account will always pay you a fair and transparent variable rate of interest. We will always pay you an interest rate of 0.25% below the Bank of England Base Rate. This means that your returns will be linked to the Base Rate, ensuring that you always receive a transparent return on your investment, without the need to keep switching accounts.
Other Benefits of the
Saga Secure savings account
- An attractive interest rate linked to the Bank of England Base Rate
- Save from £1,000 and up to a maximum of £1million
- Option to receive interest monthly or annually
- Easy access to your savings by telephone with unlimited deposits and withdrawals
- No penalties for withdrawing funds
For more information on the Saga Secure Savings Account please click below
To apply for the Saga Secure Savings Account please call
0845 850 0664
Lines are open 8am – 8pm, Monday to Saturday
Find out more:
Saga Secure Savings Account Annual Interest
| Interest Rates | |||
|---|---|---|---|
| Balance | AER* | Gross** | Net^ |
| £1,000 + | 1.75% | 1.75% | 1.40% |
Saga Secure Savings Account Monthly Interest
| Interest Rates | |||
|---|---|---|---|
| Balance | AER* | Gross** | Net^ |
| £1,000 + | 1.74% | 1.75% | 1.39% |
Based on the Bank of England Base Rate of 2.00%. Interest rates are correct as at 1st January 2009.
*AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest was paid and added once each year.
**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. 0845 numbers may not be available outside the UK. Calls from BT landlines to 0845 numbers will cost no more than 2p a minute plus a 7p connection fee. The price of calls from other telephone companies and from mobile phones will be different. The call price is correct as at today's date.
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 (Registered in Scotland No: SC327000).