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As well as the Saga Fixed Rate Savings Account, Saga offers the Saga Secure Savings Account.

The very least that the Saga Secure Savings Account will pay is 0.25% below the Bank of England base rate. The Saga Secure Savings Account provides you with: • Easy access to your savings by telephone • No penalties for withdrawing funds • Interest paid monthly or annually. For full details of the Saga Secure Savings Account, please call 0845 850 0664.

The Saga Fixed Rate Savings Account
for guaranteed returns

The Saga Fixed Rate Savings Account is available only to UK residents aged 50 and over. The information contained in this brochure relating to the Saga Fixed Rate Savings Account is not directed at anyone other than UK residents and applications from others cannot be accepted. The information contained in this brochure that relates to the Saga Fixed Rate Savings Account may not satisfy the laws of any other country. The Terms and Conditions for the Saga Fixed Rate Savings Account must be read prior to opening an account. The telephone number applies only to calls made within the UK. Lines are open 8am-8pm, Monday to Saturday. 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 5p per minute. The price of calls from other telephone companies and from outside the UK will vary. The call price is correct as at August 2007. Halifax plc and Bank of Scotland plc are both members of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Where a customer has made deposits in a savings or bank account, payments under the scheme are limited to 100% of the first £2,000 and 90% of the next £33,000 of the customer's total deposits subject to a maximum payment to any one depositor of £31,700. Before 17th September 2007 (the "appointed day" for the transfer of Halifax's business to Bank of Scotland plc) a customer with accounts with both Halifax (including accounts with its Birmingham Midshires division) and Bank of Scotland will be covered separately for deposits with each bank. Following 17th September 2007, Halifax and Bank of Scotland branded accounts (including those under the Birmingham Midshires name) will be combined to determine the level of protection a customer can have as all these accounts will be held with Bank of Scotland plc. Most deposits denominated in sterling and other European Economic Area currencies and euro made with offices of the bank within the European Economic Area are covered. There are different levels of protection for other investments covered by the Financial Services Compensation scheme. Further details of the scheme are available on request. Before 17th September 2007 (the "appointed day" for transfer of Halifax's business to Bank of Scotland plc) this is a promotion of Halifax plc, which is authorised for accepting deposits by the Financial Services Authority. The deposit taker for the Saga Fixed Rate Savings Account is Birmingham Midshires, a division of Halifax plc, which is entered in the FSA's Register and its Registered Number is 106048. Registered in England No. 2367076. Registered office: Trinity Road, Halifax HX1 2RG. On or after 17th September 2007 this is a promotion 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. The deposit taker for the Saga Fixed Rate Savings Account is Birmingham Midshires, a division of Bank of Scotland and references to Birmingham Midshires in this promotion means Bank of Scotland plc. Registered office: The Mound, Edinburgh EH1 1YZ. To contact the FSA Consumer helpline, please ring 0845 606 1234, or visit www.fsa.gov.uk/consumer Birmingham Midshires is a member of The British Bankers' Association and subscribes to the Banking code, copies of which are available upon request. D470/8091 August 2007

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Consistently good interest rates with our Saga Fixed Rate Savings Account.
How interest is paid Is it right for you?
Our fixed rate account could suit you if: • You want a risk-free investment • You want a fixed rate of interest • You can lock up your investment for the full term of the individual account, and will not need access to your money within the term • You have a minimum investment of £1 and a maximum of £5 million • You want reassurance that your interest rate is amongst the very best currently available.

The Saga Fixed Rate Savings Account means that you know exactly how much interest you will receive over the term of your investment and have the confidence that it is one of the best rates available at the time you invest.

The Saga Fixed Rate promise
At Saga, we are committed to offering savings rates that are amongst the best on the market. Which is exactly what you get with the Saga Fixed Rate Savings Account. Since the companies offering the best fixed rates of interest tend to change from week to week, it is difficult to be sure that you have found a good rate for your investment. When you invest in the Saga Fixed Rate Savings Account, however, the interest rate is the average of the five top providers’ of fixed rate accounts at the time this issue was launched (as quoted by Moneyfacts). As with all fixed rate accounts, once you take out the Saga Fixed Rate Savings Account, the rate is set for the full term of the investment and you will have the security of knowing it is amongst the best available at the time you invest. The Saga Fixed Rate Savings Account can be for terms of between one and five years, depending on which is offering the most

attractive rates at the time. At any one time we may offer an account for all of these terms or only some of these terms. Our Savings Team will be able to tell you what is available at any particular time.

Your interest is calculated daily and can be paid to you as a regular monthly income, either into a Saga Secure Savings Account or another bank account, or annually on the anniversary of the first deposit or at the end of the Fixed Term. The term of the account will run from the date of the first deposit. Interest is calculated daily and is paid at maturity, or on the first day of each month for monthly accounts. Please see the back cover for details of the Saga Secure Savings Account.†

Your savings and tax
Basic rate tax will be deducted automatically from the interest paid to you. However, if you are a higher rate taxpayer you will have a further amount to pay. If you are entitled to have your interest without the deduction of tax, then please contact the Saga Savings Team.

How to apply
The Saga Fixed Rate Savings Account is provided for Saga by Birmingham Midshires, a division of Halifax plc. If you wish to apply, please complete and return the enclosed application form, together with your cheque made payable to yourself. Then send everything in the postage-paid envelope provided to: Saga Savings Team PO Box 2264 Pendeford Business Park Wobaston Road Wolverhampton WV9 5HZ. If you need any help with your application, or have any questions, please call the Saga Savings Team on 0845 850 0546.

Fixed rate savings explained
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 accepted. We guarantee that if we send you an application form we will honour the account on offer as long as your application form is returned by the date requested. You can invest any amount from £1 up to £5 million. Your money is tied up for the full term of the account, so you should only invest if you are certain you will not need to withdraw any of your money during the term.

What happens at the end of the term?
We will write to you prior to maturity, giving you options to help you decide what to do with your investment. These will include transferring your investment to the Saga Secure Savings Account.†


								
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