Saga Fixed Rate Savings
Save more with Saga
UP TO6.65% AER*
UP TO6.65% AER*
Saga One Year Fixed Rate Savings Accounts are ideal if you want to be sure of the exact rate of interest your investment will earn.
If you have a lump sum to invest and don't need ready access to your money, Fixed Rate Savings Accounts will guarantee a great return on your savings.
Benefits of the Saga
Fixed Rate Savings Account
- A guaranteed interest rate
- Invest anything between £1 and £10 million
- Choice of annual or monthly interest
- Risk free investment
Apply for the Internet Fixed Rate Savings Account and earn an annual income of 6.65% gross/ AER*
or a monthly income of 6.46% gross / 6.65% AER*
Apply for a Telephone/Postal Account and earn 6.55% gross/AER* over the one year term or a monthly income of 6.36% gross / 6.55% AER*
Call
0845 850 0664
For more information download the brochure now.
Find out more;
Saga Fixed Rate Savings Account 1 Year
| Annual Interest | Monthly Interest | |||||||
|---|---|---|---|---|---|---|---|---|
| Account type | Minimum balance | Term | Gross** | Net^ | AER* | Gross** | Net^ | AER* |
| Internet Fixed Rate Savings Account | £1 | 1 year | 6.65% | 5.32% | 6.65% | 6.46% | 5.17% | 6.65% |
| Telephone/Postal Fixed Rate Savings Account | £1 | 1 year | 6.55% | 5.24% | 6.55% | 6.36% | 5.09% | 6.55% |
Things to note about Fixed Rate Savings Accounts
- You can apply for annual interest or monthly interest online, by telephone or by post. Please note that the rate offered for internet accounts may be higher than telephone or postal.
- Monthly interest can not be paid back into the account. It can be transferred monthly to an external bank account, or you can take advantage of the Saga Secure Saving Account. This means that the AER rate is for illustrative purposes only.
- No withdrawals will be allowed during the term of the account
- We will deduct basic rate of tax from the amount of interest payable to you. If you are a higher rate tax payer you will have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.
- If you apply for the Saga Internet Fixed Rate Savings Account you must set up a Linked Account in order to operate your account. A Linked Account must be a personal current account with Direct Debit facilties at a UK Bank or Building Society in your name. The same conditions will apply to any new Linked Account you may set up in the future.
Internet
Fixed Rate Savings Account
Apply on–line and earn 6.65% gross/ AER* annually or 6.46% gross / 6.65% AER* as a monthly income.
Telephone / Postal
Fixed Rate Savings Account
Apply by phone and earn 6.55% gross/ AER* annually or 6.36% gross / 6.55% AER* as a monthly income.
Call
0845 850 0664
Rates are correct as at 01 August 2008
*AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest was paid and added once each year.
**Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Calls may be monitored and recorded for security and training purposes. 0845 numbers may not be available outside the UK. Calls from BT landlines will cost a maximum of 4p per minute plus a 6p call set up fee. The price of calls from other telephone companies and from outside the UK will vary. The call price is correct as at June 2006. Saga savings accounts are provided by Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered Office: The Mound, Edinburgh EH1 1YZ.
The Saga Fixed Rate Savings Accounts are available only to UK residents aged 50 and over. Lines are open 8am–8pm, Monday to Saturday.