These examples assume no other deposits or withdrawals are made, there are no interest rate changes, and the interest earned stays in the account.
SAGA EASY ACCESS SAVINGS ACCOUNT
Saving made simple for people over 50
4.00% AER / 3.93% gross p.a (variable).
Includes a bonus of 1.25% AER (fixed) for 12 months and an underlying rate of 2.75% AER p.a. (variable).
Get your money moving with Saga
Designed for people over 50, the new Saga Easy Access Savings Account is here to make saving simple. In partnership with NatWest, we've created an account that's easy to apply for and gives you 24/7 access to your money with no fees.
If you need a hand, our UK-based team will be happy to take your call – offering the level of service you always expect from Saga.
Why choose a Saga Easy Access Savings Account?
Designed for you
Tailored to the needs of people over 50.
Competitive rate
Boost your returns for the first year with a fixed bonus rate.
24/7 access
Add and withdraw money without any penalties.
UK-based support
Rely on a dedicated UK customer care team.
How your money is protected
Eligible deposits up to £120,000 are protected by the Financial Services Compensation Scheme (FSCS). This applies to the total of any deposits you have with Saga Money, NatWest and NatWest’s associated brands. Deposits above the limit are unlikely to be covered. For more information, visit the FSCS website.
Summary box
The interest rate for the Saga Easy Access Savings Account is:
Annual interest rate with bonus
bonus rate of 1.25% AER (fixed) for first 12 months
4.00% AER / 3.93% gross* p.a. (variable)
Annual interest rate without bonus
(underlying interest rate)
2.75% AER / 2.72% gross* p.a. (variable)
*AER stands for Annual Equivalent Rate. It shows the rate if the interest is paid and compounded once a year. Gross is the interest rate before tax.
- Interest is calculated daily and paid into your account monthly.
- You can read more about the interest rate in the account terms document.
How much could you earn over 24 months?
| Initial deposit | Balance after 12 months | Balance after 24 months |
|---|---|---|
|
£1,000 |
£1,040.08 |
£1,068.80 |
|
£50,000 |
£52,000.85 |
£53,433.08 |
|
£100,000 |
£104,001.63 |
£106,866.06 |
Are you eligible?
To open a Saga Easy Access Savings Account, you'll need to:
- Have a UK address and mobile number
- Have a UK personal bank account
- Live in the UK and be aged 18 or over
- Be a UK tax resident only
Apply for a savings account
Please take some time to review the important legal information here before you get started. If you continue to apply, it means you’re happy with it all:
Opening and managing your account
You can open and manage your Saga Easy Access Savings Account online. Once your account is open, you can add and withdraw money at any time. Payments in and out of your savings account can only be made to and from your nominated bank account. You will need a smartphone or camera enabled tablet to apply.
- You can deposit between £1 and £250,000 at a time.
- You can withdraw up to £10,000 at a time, and £20,000 within a 24-hour period.
- You can hold up to £1 million in your account.
The interest rate is variable, which means it can change at any time. However, the 12-month bonus rate is fixed and will not change. If you close your account, you won’t earn interest during the month of closure.