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Savings account holder information

This is where you'll find some useful account holder information and news from Saga Savings.

Check here for some important updates about Saga Savings accounts and to see the historical interest rates.

0345 850 0664

Saga Savings accounts are provided by Birmingham Midshires Savings parent

Information for account holders


How will the change to the Base Rate affect my savings account?


On 2nd November 2017 the Bank of England announced an increase in the Bank of England Base Rate from 0.25% to 0.50%.

Any Bank of England Base Rate changes will be considered in the context of ongoing rate reviews across our product range and we’ll update this website to reflect any changes on the date they take effect.

If you have a savings account which tracks the Bank of England Base Rate, your rate will change on 1st December 2017.

Improvements to your online security

Your online security is important to us, so we’re taking steps to improve the customer identification process on internet accounts.

Ring-fencing

Following the financial crisis, UK legislation was passed to better protect customers. The new rules mean large banks must separate personal banking services, such as current and savings accounts, from risks in other parts of the business.

Changes to our accounts

We are making changes to the account names and conditions to help us offer a simpler range of savings accounts, and to make it easier for you to manage your savings.

Historical rates

Current, future and historical rates for our variable rate accounts that are now closed to new customers. This includes accounts offered to customers with maturing savings accounts.

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


Privacy Policy

Read our full privacy policy. To view the Privacy Policy you'll need Adobe Acrobat Reader.

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