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Saga 1 Year Fixed Rate Saver

With a guaranteed rate for a whole year, you can put away your savings and know exactly how much you'll have at the end. The Saga 1 Year Fixed Rate Saver, provided by Goldman Sachs International Bank, is available to UK residents who are 50 and over.

Saga 1 Year Fixed Rate Saver

The benefits

  • 1.10% AER/Gross* (fixed)
  • Guaranteed interest rate for 12 months
  • Start saving from £1

On opening your account, you've got 14 days to pay in all the money you want to save there. You can make as many deposits as you like, up to a maximum balance of £100,000. When the 14 days are up, the account locks down so you can't pay any more in. The interest is calculated daily and paid when the 12-month term comes to an end.

The main requirement of this account is that you can't make any withdrawals for 12 months. You can get hold of your money before the end of the year-long term, but you'll have to close the account and pay an early closure fee.

What is the interest rate?

Annual interest % Gross (fixed)


Annual interest % AER (fixed)


What would the estimated balance be after 12 months based on a £1,000 deposit?


1 Year Fixed Rate Saver

Fixed term

1 Year

Projected balance at the end of
the 1 year fixed term (fixed
interest rate of 1.10%


This projection assumes that you make one payment of £1,000 into this account on the day you open it, that you do not make any withdrawals or further deposits and that interest is paid into this account at the end of the term. This is for illustrative purposes only and doesn't take into account your individual circumstances.

If you need any help with your online application, please call the customer care team.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. Gross is the interest rate before tax is
deducted. Where we pay interest annually, your AER and gross rate will be the same.

The Saga Easy Access Savings Account and the Saga 1 Year Fixed Rate Saver are provided by Goldman Sachs International Bank. Goldman Sachs International Bank is registered in England and Wales (no. 1122503), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Financial Services Register number for Goldman Sachs International Bank is 124659 and the registered office is at Plumtree Court, 25 Shoe Lane, London, EC4A 4AU.

Saga Personal Finance is a registered trading name of Saga Personal Finance Limited. Company Registration No. 3023493.