From Vancouver:
You need to take two ferries - Horseshoe Bay to Langdale drive an hour and a half and take the second ferry to Saltery Bay. From there its a 50-60m drive to Lund, at the end of the road. Leaving on Fridays and returning on Sundays can be a bear, especially on the first ferry - you can make reservations (extra $17.50) for the first of the two ferries. The second ferry goes every 2.5 hours or so - check schedules on the BC ferries website. Total fare is approx $130 return for a car and 2 people, goes down to under $100 if you get a BC Ferries Experience card (prepaid card for the ferries). It is definitely a trip but very much well worth it.
From Lund:
Water Taxi goes from end of the road in Lund, leaving on the hour at busy times from about 8am (probably a lot less often when less busy). Reservations (by calling ahead, 604.483.9749) are apparently required. Going back it leaves on the half hour - but again how often depends on season and demand. Fares are $10 per adult each way, $5 for children 2-6 and $2 for bikes, and they will take credit cards on the Lund side.
You can leave the car in Lund at Daves parking lot for $6 per night. Or, if you prefer free, up the hill about 1/2km there might be some free parking.
The Most Frequently Asked Travel Questions about Savary Island
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Savary Island Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.