Saga Telephone Saver (Issue 4)

  • Including a fixed first year bonus of 1.90% for the yearly interest option
  • After 12 months the variable rate without bonus will apply, currently 0.50% gross / AER
  • Deposit any balance from £1 to £1 million per customer
  • Choice of yearly or monthly interest options
  • No notice periods or charges for withdrawals
  • No restriction on the number of transactions you can make
  • Easy and convenient access by telephone
  • Available to UK residents aged 50 and over.
  • After the bonus period ends, your account will revert to a variable rate subject to a minimum of 0.25% gross/AER and a maximum of 8.00% gross/AER.

Your account is provided by Birmingham Midshires.

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Telephone Saver (Issue 4)

Easy access savings, with an attractive variable interest rate of 2.40% gross/AER including a fixed first year bonus of 1.90%.

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Key product information for Saga savings accounts

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

Yearly interest: 2.40% gross / AER variable including a 12 month fixed bonus of 1.90% 

Monthly interest: 2.37% gross / 2.40% AER variable including a 12 month fixed bonus of 1.87%

After 12 months the variable rate without bonus will apply, currently 0.50% gross / AER. The rate without bonus will be no less than 2.00% below the Bank of England Bank Rate, subject to a maximum of 8.00% and a minimum of 0.25% gross / AER

 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 by phone via your Linked Account
 Access Telephone

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.