Savings

Savings

Saga offers a range of savings accounts to suit a variety of needs for the over 50s.  This includes fixed rate bonds, Cash ISAs, as well as variable rate accounts offering instant access.

The interest rates and the accounts available can change or be withdrawn, so check regularly to see what's on offer.

0345 850 0664

Call to speak to an adviser

0345 850 0664

Mon – Fri 8am - 8pm

Saga Savings accounts are provided by Birmingham Midshires Savings parent

What Saga can offer you

 

Saga ISA Saver (Issue 14)

Earn
0.75%​
Tax free/AER

Including a fixed 18 month bonus of 0.70% on balances from £1.
Interest is paid 12 months after the date we credit the account and then again 6 months later and yearly thereafter or monthly. Withdrawals are permitted without charge.

 

Saga 1 Year Fixed Rate Savings Account

Earn

0.95%​
Gross/AER

Fixed on balances from £1 with our 1 Year Fixed Rate Savings Account. Interest is paid yearly or monthly. Withdrawals are not permitted.


Saga Telephone Saver (Issue 19)

Earn
0.75%​
Gross/AER

Variable rate including a fixed first year bonus of 0.70% on balances of £1,000+
Interest is paid yearly or monthly. Withdrawals are permitted without charge.

How do they compare?

  Interest Rate Gross/AER (Annual Interest)
Fixed Term  Bonus Period
 Withdrawals
 Tax Free  Joint Accounts Allowed
 Minimum Deposit
     
Saga Telephone Saver (Issue 19)
 0.75% (includes a 0.70% fixed bonus on balances £1,000+) None
12 months
Permitted
No charge payable 
No
Yes
£1,000
Apply now
Saga ISA Saver (Issue 14)
0.75% (includes a 0.70% fixed bonus on balances £1+)
None
18 months
Permitted
No charge payable
Yes
No
£1
Apply now
Saga 1 Year Fixed Rate Savings Account
0.95% 1 years
None
Not permitted No
Yes
£1
Apply now

Helping you decide

Saga ISA Saver (Issue 14)

Save and earn tax free interest, including a fixed 18 month bonus. Withdrawals are permitted without charge.

Saga 1 Year Fixed Rate Savings Account

Earn a fixed rate of interest over a fixed term. Initial deposit should be for the full amount as additional deposits are not allowed. Withdrawals are not permitted.

Saga Telephone Saver (Issue 19)

The convenience of easy access to your savings when you need it, including a 12 month fixed bonus. Withdrawals are permitted without charge.

Who is the provider and how are they regulated?

The deposit taker for Saga Savings accounts is Birmingham Midshires, a division of Bank of Scotland plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. Registered office: The Mound, Edinburgh, EH1 1YZ. Registered in Scotland No. SC327000.

Important information

Financial Services Compensation Scheme

Read full details of the Financial Services Compensation Scheme.

Historical Rates

Review the historical rates of previous savings products.

Privacy Policy

Read our full privacy policy.

To view the Privacy Policy you'll need Adobe Acrobat Reader.

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