The story
Every other English weekday swapped its Roman god for a Germanic one. Saturday did not. Old English borrowed the Latin Saturni dies, "day of Saturn", almost unchanged, as Sæternesdæg: "Saturn's day". Saturn was the Roman god of farming and of a lost golden age, and there was no obvious Germanic match for him — so the Romans kept this one.
Dutch has the same borrowing (zaterdag). The Romance languages went the other way and renamed the day after the Jewish Sabbath: French samedi, Spanish sábado — and German Samstag comes from the same Sabbath root.
In English the long Old English form wore down over the Middle English period: Sæternes- lost its "-nes-" and shrank to Satur-, leaving three syllables where there had been five.
