Saga 1 Year Postal Fixed Rate Savings Account

Compare the Saga 1 Year Postal Fixed Rate Savings Account with the UK's best savings, including savings details, application criteria, introductory rates, rates, managing account and fees & charges.investing car banking
Saga This Product Is No Longer Available

Saga no longer offer the "1 Year Postal Fixed Rate Savings Account".

You can find an alternative savings by selecting one of the following options;

For comparison, here are the details of the Saga 1 Year Postal Fixed Rate Savings Account before it was withdrawn:

Savings Details 
Account Type:Term
Rate Type:The type of interest rate is fixed.
Headline Interest Rate:The headline interest rate is 6.85% AER.
Application Criteria 
Existing Customer Only:No
Minimum Age:The minimum age for investors is 50 years.
Area Restrictions:There are no area restrictions that apply to this account.
Minimum Investment:The minimum investment is £1.
Maximum Investment:The maximum investment is £5000000.
Minimum Balance:The minimum balance is £1.
Introductory Rates 
Introductory Bonus:No introductory bonus payable.
Incentives Offered:There are no free gifts or incentives offered with this account.
Rates 
Tax Free:This product is not tax free.
Open-ended Bonus:No open-ended bonus payable.
Rate Tiers:
  Gross Rate   Gross Rate   AER
  Excluding Bonus Including Bonus
£1  6.85%   6.85%   6.85%
Fixed Term:The interest rate is fixed for 1 year.
Fixed Term in Months:The fixed term of this account is 12 months.
Fixed Interest Rate:The interest rate is fixed.
Fixed Rate Period:The interest rate is fixed for 1 year.
Term Period:The account terms is 12 months.
Interest Payment Freq:Interest is paid monthly.
Managing Account 
Passbook:A passbook is not issued.
Transactions at Branch:No transactions before maturity.
Statement Frequency:Statements are annually.
Transactions by Phone:No transactions before maturity.
Transactions by Internet:No transactions before maturity.
Transactions by Post:No transactions before maturity.
Special Access:No withdrawal or closure permitted before maturity.
Withdrawal Conditions:Withdrawal Conditions
No withdrawal or closure permitted before maturity.
Closure Before Maturity:Closure is not permitted before maturity.
Transferred on Maturity:If no instructions are received from the customer the account will be transferred to an instant access Secure Savings Account at maturity.
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