Fixed rate savings account

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

See below for more details.

Earn up to 2.55% gross/AER fixed on balances of £50,000+
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Fixed Rate Savings Account

Our Fixed Rate Savings Account is for simple lump sum deposits and are designed for those looking to earn a set rate of interest. See below for more details.

Benefits of the Saga Fixed Rate Savings Account

  • A fixed rate of interest over a set term

 

  • Deposit anything between £1 and £10 million per customer

 

  • A choice of how you have your interest paid - yearly or monthly

 

  • Withdrawals are allowed by post 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length of term remaining at the time of access and is the equivalent of a number of days gross interest on the amount withdrawn. This 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

 Length of remaining term at the time of withdrawal 1 year or less   Up to 2 years  Up to 3 years  Up to 4 years  Up to 5 years
 Withdrawal charge on the amount taken out of the account – equivalent in days gross interest.  90 days  180 days  270 days  320 days  365 days

  • The rate used to calculate the withdrawal charge will be the interest rate at the time the withdrawal is made

 

  • If you make a withdrawal this may affect your interest rate. Please see your account conditions for more information

 

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, for historical rates of previous savings products please click here, or for our full privacy policy please click here.