Fixed rate savings account

Saga Fixed Rate Savings Accounts, provided by Birmingham Midshires, are ideal if you want to be sure of the exact rate of interest your deposit will earn.

  • An attractive rate of interest fixed for the term of your account
  • Deposit anything between £1 and £10 million per customer
  • A choice of interest options and saving terms to suit you
  • Withdrawals are not allowed on our 1 Year Fixed Rate Savings Account
  • Withdrawals are allowed on terms of 2 years and above subject to a charge. The charge will depend on the length of term remaining at the time of access and is the equivalent of a number of days gross interest on the amount withdrawn. The charge will be taken from the account balance and depending on when the withdrawal is made, may result in you getting back less than you originally deposited. See the summary box for specific withdrawal arrangements.


Earn up to 4.50% gross/AER with Saga Fixed Rate Savings
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Fixed Rate Savings Account

Our Fixed Rate Savings Accounts are for simple lump sum deposits designed for those looking for an attractive fixed rate.

AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest was paid and compounded once each year.

Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

The deposit-taker for Saga 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).

 

For details of the Financial Services Compensation Scheme click here, or for historical rates of previous savings products please click here.