The Saga Telephone Savings Account
Easy access to your savings
2.75% AER*
2.75% AER*
The Saga Telephone Savings Account offers you a highly attractive variable interest rate of 2.75% AER* for your savings, which includes a generous first year bonus of 0.75% for the annual interest option and 0.73% for the monthly interest option.
Benefits of the
Saga Telephone Savings Account
- Easy and convenient unlimited access via the telephone
- No notice periods, penalties or fees for withdrawals
- Flexible savings – invest any balance from £1,000 to
£5 million - A choice of annual or monthly interest options
Invest from £1,000 to
£5 million.
For more information regarding the Saga Telephone Savings Account please click below.
For further details and to apply please call the Saga savings team on
0845 850 0664
Find out more:
See how we compare with our competitors
| Annual Interest | Monthly Interest | ||||
|---|---|---|---|---|---|
| Account type | Gross % / AER%* | Net% | Gross | AER* | Net |
| Year 1 | 2.75 | 2.20 | 2.75 | 2.75 | 2.18 |
| Year 2 onwards (post bonus rate) |
2.00 | 1.60 | 1.98 | 2.00 | 1.58 |
Rates are variable and correct as at 1st January 2009.
Alternatively, contact the Saga savings team on 0845 850 0664
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The deposit taker for the Saga Telephone Savings Account is 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 (Registered in Scotland No: SC327000).
The Saga Telephone Savings Account is available only to UK residents aged 50 and over. Calls may be monitored and recorded for security and training purposes. 0845 numbers may not be available outside the UK. Calls from BT landlines to 0845 numbers will cost no more than 2p a minute plus a 7p connection fee. The price of calls from other telephone companies and from mobile phones will be different. The call price is correct as at today's date.