The smart way to save this summer

Portrait of active senior women running towards camera outdoors and enjoying sports

Shutterstock/ Evgeny Atamanenko

By Michaela Twite | Published - 9 Jun 2026

Disclaimer

This article is for general guidance only and is not financial or professional advice. It contains promotional content and links to financial products. All figures and information in this article are correct at the time of publishing. Laws, entitlements, tax treatments and allowances may change in the future. Before you make any decisions, you should get independent professional advice.

Whether it’s booking that much-needed holiday, attending a festival, or giving the garden a summer makeover, our savings can take a hit at this time of year.

Throw in the unpredictability of world events with their impact on soaring energy bills and rising food costs and it’s apparent that households face bumpy financial times ahead.

For those on fixed incomes, such as numerous retirees, certainty is a useful weapon in your personal financial defence. Knowing you have easy access to your cash savings and that it’s producing a competitive rate of return are twin pillars of confidence to combat uncertain times.

Here’s the good news: Saga has created a savings account specifically designed to address the needs of people over 50 with no hidden surprises. That means enjoying a healthy interest rate, safe in the knowledge that your funds are available as and when you need them.

The Saga Easy Access Savings Account, in partnership with NatWest, is designed to give you peace of mind as your cash pot grows. Featuring a bonus that’s payable for the first 12 months, the account offers a competitive rate to savers. And you can rest assured that what you see is what you get.

Alex Edmans, Product Director for Saga Money, says: “Our savings account is transparent, simple and effective. It’s designed to help people over 50 grow their income while keeping it secure and available as soon as it is needed.

“Our customers want products that are free from the gimmicks or hidden surprises that are commonly seen elsewhere. As experts in this age group, we’ve tailored our savings account to meet those needs.”

It can be tempting to plump for the attention-grabbing high interest rates offered by certain providers. But there’s often a catch. The rate only being available for a short time, for example, before plummeting after a few months.

Other traps that lie in wait include savings accounts that insist on you having a current account linked to the same provider. There are also often other restrictions limiting the amount that you can deposit. Or there might be penalties applied should you need to withdraw your funds frequently or within a given time period.

With the Saga Easy Access Savings Account, customers can start saving with just £1 and deposit up to £250,000 at one time, up to a maximum of £1 million. There are no fees when it comes to withdrawing your money and up to £10,000 can be taken out at a time, with a £20,000 limit covering a 24-hour period.

Your savings will benefit from a competitive rate of 4.11% AER/4.03% gross p.a. (variable), which includes a bonus of 1.25% AER (fixed) for the first 12 months. Interest is paid monthly.

As with other UK bank accounts, up to £120,000 of your money is protected under the Financial Services Compensation Scheme (FSCS), per eligible person, per bank.

The Saga easy access savings account is also simple to open, just by clicking through on the link below. You can also be confident that the UK-based call centre team is there to answer any queries you may have before you open an account, and to support you once you are a customer.

Alex Edmans says: “With the easy access savings account, your hard-earned money will accrue a healthy interest rate while being available to you whenever you need, no fuss.” That leaves you free to enjoy a sizzling stress-free summer, safe in the knowledge that your funds are accessible should you want a swanky new outdoor fridge for all those chilled drinks you’ll be enjoying. Cheers!

How to get started

To open a Saga easy access savings account, you’ll need to:

Live in the UK and have a UK mobile number
Have a personal bank account
Be a UK tax resident only
You’ll need a smartphone or a camera-enabled tablet to apply

Saga easy access savings account

Get your money moving with our great rate.

4.11% AER/4.03% gross p.a. (variable).
Includes a bonus of 1.25% AER (fixed) for 12 months and an underlying rate of 2.86% AER p.a. (variable).
In partnership with NatWest. Interest paid monthly. Available to UK residents only, designed for people over 50.