Saga Fixed Rate Savings Accounts are ideal if you want to be sure of the exact rate of interest your investment will earn.

Our Fixed Rate Savings Accounts are simple lump sum deposits designed for those looking for attractive fixed rates. We offer a range of accounts with terms of 6 and 12 months. Your savings will be safe from fluctuations in interest rates during the term of the account.

Benefits of the Saga
Fixed Rate Savings Account

• A guaranteed and attractive interest rate
• Invest anything between £1 and £10 million
• Choice of maturity or monthly interest
• Choice of saving terms

1 Year Saga Fixed Rate Savings Accounts

6 Months Saga Fixed Rate Savings Accounts

Things to note about Fixed Rate Savings Accounts

• You can apply for maturity interest or monthly interest online or by telephone. Please note that the rate offered for internet accounts may be higher than telephone or postal.
• Monthly interest cannot 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 Savings Account. This means that the AER rate is for illustrative purposes only
• No withdrawals or additional deposits will be allowed during the term of the account
• Internet accounts are unavailable to joint account holders
• If you apply for a 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 facilities and for which you hold a cheque book 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
• To take full advantage of the Saga Internet Fixed Rate Savings Account, your initial deposit should be for the full amount you would like to invest. This may be sent via cheque and drawn on the same account that you have nominated as your linked account
• This type of savings account is typically only available for a limited period, and there is a limit on the total amount of money that can be invested. When this limit is reached, investments will no longer be invested

Rates correct as at 04/12/2008

*AER stands for Annual Equivalent Rate and illustrates what the rate of interest would be if interest was paid and added once each year.

† 4.45% AER applies to the 6 Month Fixed Rate Savings Account.

**Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

^NET rates are illustrative only, allowing for the deduction of income tax at 20%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.

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 through other phone companies and from mobile phones will be different. The call price we have quoted is correct as at today's date. 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. (Registered in Scotland No.SC372000).

The Saga Fixed Rate Savings Accounts are available only to UK residents aged 50 and over. Lines are open 8am–8pm, Monday to Saturday.