Saga offer a range of savings accounts to suit a variety of needs for the over 50s.  This includes a number of different fixed rate bond terms as well as a variable account offering instant access.

To talk to the team about a Saga Savings Account today, call us on:

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 Fixed Rate Savings Accounts

Earn up to

fixed on balances of £50,000+ with our 2 Year Fixed Rate Savings Account.
A 1 year term is also available.

Saga Variable Rate Savings Accounts

Earn up to

variable rate including a fixed first year bonus of 0.75% on balances of £1,000+

How do they compare?

  Interest Rate Gross/AER (Annual Interest)
Fixed Term  Bonus Period
 Tax Free  Joint Accounts Allowed
 Minimum Deposit
Saga Telephone Saver (Issue 18)
 1.00% (includes a 0.75% fixed bonus on balances £1,000+) None
12 months
No charge payable 
Apply now
Saga 1 Year Fixed Rate Savings Account
£1- £49,999

£50,000+ 1.75%
1 year
Not allowed
Apply now
Saga 2 Year Fixed Rate Savings Account
£1 - £49,999

2 years
Allowed subject to a charge
Apply now

Helping you decide

Fixed Rate Savings Accounts

Available for fixed term deposits between 1 and 3 years. Initial deposit should be for the full amount as additional deposits are not allowed.

Variable Rate Savings Accounts

The convenience of easy access to your savings when you need it.

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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.

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.

We're here to help

Call to find out more

0345 850 0664