from 18 ratings
18 customers rated their Saga savings as 4.3 out of 5 in our Consumer Finance Awards and Reviews.
Customer Service
Flexibility & Fairness
Product Features
Value For Money
As with all of Saga's products, Saga Savings are only available to customers who are over 50 years old. They offer fixed rate bonds, ISAs and instant access savings accounts that you can invest your money in. If you invest in Saga Savings accounts you can rest easy in the knowledge that your funds will be protected under the Financial Services Compensation Scheme (FSCS), up to £85,000. Saga's Savings accounts are provided by Birmingham Midshires.
Saga 2 Year Fixed Rate Savings Account
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Fixed Bond£1.002% fixed
for 2 years
on £1+
FSCSOnline & Phone
Saga 1 Year Fixed Rate ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Cash ISA£1.001.55% fixed
for 1 year
on £1+
FSCSOnline & Phone
Saga Internet Saver (Issue 16)
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen Account
Easy Access£1,000.001.55% variable
on £1,000+
FSCSOnline

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

Saga Savings Reviews

Saga fixed 2 year Bond savings

by salter, 2 days ago
helpfulness and efficiency
Recommended by salter

easy to apply,prompt service, good product. Interest paid and advised, helpful on phone,

Sago advertise well, give good rates to over 50s, always reply be return and give good customer servi.ce by phone and e mail.Changed my tax pref and they handled it quickly. They changed straight away and paid interest without tax. They advised when t was finishing with options to re invest. A good experience with Saga would not hesitate to recommend. Advertisements were in press and on comparison web sites, easy to contact always helpful. I could find no fault with Saga and have no hesitation recommending it, particlularly to over 50s as rates slightly better in these difficuilt times,

Interest is a couple of points higher and fixed bonds seem the way to go. The product was paid on time with efficiency and speed and when I phoned they rang me back immediately were courteous and helpful, resolved my enquiry straight away.

I can honestly find nothing detrimental to say about Saga, their products , their customer service, their efficiency . I hope this helps prospective future investors

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Good interest rate saving account

by carole22, 1 month ago
Easy to operate
Recommended by carole22

This savings account is for the over 50's, and giving 1.5% interest instant access, 1% is a bonus for the first year. It is a telephone saving account very simple and quick to set up with either monthly or yearly interest payments. I would recommend this account as I shopped around and this came up tops for me. Very simple to operate just a phone call, has to be linked to another of your bank accounts for transfers etc.,

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Better than most interest paying instant access accounts

by pamt48, 1 month ago
Recommended by pamt48

Better interest rate given for online account than most other companies. Good customer service - you speak to a real person without having to go through various options i.e. Press 1 etc.
Product particulars are always clear and in plain English!
You do have to be 50+ for their products though.
Haven't had any problems with them so can't really add any more to this review other than to say I would definitely recommend them.

Customer Service:
Excellent
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Saga fixed rate bond

by garry98, 1 month ago
monthly interest
Recommended by garry98

I took this 5 year bond out 4 years ago,it was the best deal on the market at the time so I fixed the rate for 5 years.The interest is paid yearly or monthly so it is your choice,i chose the monthly option which gives me an extra income.Customer servive is first class and standard rate phone call

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Saga on line savings account

by malcol92, 27 Jun 2013
Simple movement of money in and out no fancy confusing deals
Recommended by malcol92

Reasonable interest rate and easy access via Internet to account. I find simple and effective to use.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Savings Account Companies