Saga Internet Saver (Issue 4)

  • Deposit from £1 up to £1 million
  • Earn a tiered variable interest rate
  • Interest rates apply to the whole balance and you have a choice of yearly or monthly interest payments
  • For yearly interest - earn 2.60% gross / AER variable on balances of £1 to £19,999.99 including a 12 month fixed bonus of 2.10%. For balances of £20,000 or more earn 3.05% gross / AER variable including a 12 month fixed bonus of 2.55%
  • For monthly interest - earn 2.57% gross / 2.60% AER variable on balances of £1 to £19,999.99 including as 12 month fixed bonus of 2.07%.  For balances of £20,000 or more earn 3.01% gross / 3.05% AER variable including a 12 month fixed bonus of 2.51%
  • After 12 months the variable rate without bonus will apply, currently 0.50% gross / AER
  • Apply for and view your account online
  • Make unlimited transactions using your linked account with no-notice withdrawals

Your account is provided by Birmingham Midshires.

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Saga Internet Saver (Issue 4)

Easy access savings offering tiered variable interest rates based on the account balance, so the more you save, the more you earn.

Summary box

Key product information for Saga savings accounts

 Account name  Saga Internet Saver (Issue 4)
 Interest rates (AERs)

Yearly interest: £1 to £19,999.99 2.60% gross / AER including a 12 month fixed bonus of 2.10%.  £20,000+ 3.05% gross / AER including a 12 month fixed bonus of 2.55%

Monthly interest: £1 to £19,999.99 2.57% gross / 2.60% AER including a 12 month fixed bonus of 2.07%.  £20,000+ 3.01% gross / 3.05% AER including a 12 month fixed bonus of 2.51%

After 12 months the variable rate without bonus will apply, this will be no less than 2.00% below the Bank of England Base rate, subject to a maximum of 8.00% and a minimum of 0.25%

 Tax status  Interest will be paid net after the deduction of income tax (currently 20%) unless you register to receive gross interest
 Conditions for bonus payment No conditions
 Withdrawal arrangements  Unlimited withdrawals online via your Linked Account
 Access  Online

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.