A hole saw having a blade portion separable into two parts which when separated form a base portion and a tip portion. The base and the tip have correspondingly shaped apertures and lugs that co-operate together to hold the blade tip in place. A locking means further assists in ensuring that the blade tip remains locked to the base and includes a sliding latch that engages an aperture in the blade and the base and is itself locked in place to thereby lock the blade to the base. An intermediate portion also allows for the hole saw to drill through different depths.